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Economy Takes its Toll on Sony and Nintendo

There’s one bright spot in the Sony lineup and it’s the Playstation 2. In Sony’s first quarter results, the Playstation 2 sales rose from 1.5 million to 1.6 million. The PS3 suffered a drop from from 1.6 million in 2008 to 1.1 million this year. The PSP was the hardest hit; dropping from 3.7 million this time last year to 1.3 million. Sony blames this as the major contributor to their 38.7 billion yen loss. Some believe consumers are holding out and waiting for the PSPgo. Analysts and game publishers are still calling for a PS3 price drop.

The grass is not always greener on the other side of the fence, Nintendo saw a profit drop of 60% in their first quarter. Wii sales dropped from 5.17 million units in the first quarter last year to 2.23 million this year, and the DS dropped from 6.94 million to 5.97 million. Nintendo pins this on the lack of blockbuster titles compared to last years Mario Kart and the Wii Fit.  They remain optimistic though and still expect to reach their forecast for the year with 26 million Wii sales and 30 million DS sales.

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