For Sony, well, it's pretty obvious. It reported huge losses, and saw stock drop by 6.7 percent to ¥1780 ($19.90).
Nintendo and Sony stocks drop following earnings reports
by David Hinkle 
on Jan 30th 2009 11:31AM
49
For Sony, well, it's pretty obvious. It reported huge losses, and saw stock drop by 6.7 percent to ¥1780 ($19.90).
Reader Comments (49)
Posted: Jan 30th 2009 11:34AM (Unverified) said
Microsoft stole half Playstations audience, they win.
Reply
Posted: Jan 31st 2009 12:57AM Professional Amature said
@Nineteen88
You are correct that stock price alone is not a good indicator of the actual value of a company. However, Nintendo may very well be worth more than Sony at this time. Sony has a ton of debt even though it (as a whole) has made money every year. Nintendo on the other hand has pretty much no debt and a hug wad of cash in the bank. I'd say Nintendo as a whole is worth more at this point in time than Sony considering each company's finances.
Reply
You are correct that stock price alone is not a good indicator of the actual value of a company. However, Nintendo may very well be worth more than Sony at this time. Sony has a ton of debt even though it (as a whole) has made money every year. Nintendo on the other hand has pretty much no debt and a hug wad of cash in the bank. I'd say Nintendo as a whole is worth more at this point in time than Sony considering each company's finances.
Posted: Jan 30th 2009 2:33PM (Unverified) said
its been done now.....lol
of course I was being sarcastic......
we all know the DS & Wii print Money
Reply
of course I was being sarcastic......
we all know the DS & Wii print Money
Posted: Jan 31st 2009 6:57AM Bowser Rogozhin said
You aimed for funny and failed, but a vote down is rather harsh. People are stupid.
Reply
Posted: Jan 30th 2009 11:38AM (Unverified) said
Nintendo..stock..drop?
We're doom.
DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!!!!!!!
Reply
We're doom.
DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!!!!!!!
Posted: Jan 30th 2009 1:43PM (Unverified) said
Posted: Jan 30th 2009 11:42AM Hyams said
Sony didn't report losses, they reported profit for their gaming devision - 0.4 billion yen, to be precise.
It's just less profit then last year's Q3 - mainly due to the economy - that's the problem.
http://www.sony.net/SonyInfo/IR/financial/fr/viewer/08q3/ - it's on slide 11.
Reply
It's just less profit then last year's Q3 - mainly due to the economy - that's the problem.
http://www.sony.net/SonyInfo/IR/financial/fr/viewer/08q3/ - it's on slide 11.
Posted: Jan 30th 2009 11:47AM (Unverified) said
They reporting losses for the year tho right???
Reply
Posted: Jan 31st 2009 7:04AM Bowser Rogozhin said
Fanbois reading slides of staid and skewed financial reports to create agitation? To be blunt, there's something rather pathetic about that. Let's ignore the fact that these behemoth companies wilfully manipulate their figures so it can be shown in the best possible light; the aim, to seduce gawker investors out of their capital, capital made off the back of the real workers...You know what, forget it.
Now, see here, I'm not really one for calling people out, but this is simply ridiculous.
Reply
Now, see here, I'm not really one for calling people out, but this is simply ridiculous.
Posted: Jan 30th 2009 12:18PM Zertoss said
Nintendo: "Well, despite making enough money to purchase Iceland and rename it Super Mario Land, we didn't quite make enough to also build that chocolate fountain everyone wanted. It'll have to wait until next quarter."
Sony: "We didn't do as well as we had hoped, but thanks to some stellar titles like LittleBigPlanet, Metal Gear Solid 4 and Valkyria Chronicles, our gaming division did manage to turn a profit in Q3. Unfortunately, we, uh... we're kinda still in the red for the year. But scientists are using PS3s for their supercomputer needs instead of IBM, since they're so much cheaper! So that's something, right?"
Reply
Sony: "We didn't do as well as we had hoped, but thanks to some stellar titles like LittleBigPlanet, Metal Gear Solid 4 and Valkyria Chronicles, our gaming division did manage to turn a profit in Q3. Unfortunately, we, uh... we're kinda still in the red for the year. But scientists are using PS3s for their supercomputer needs instead of IBM, since they're so much cheaper! So that's something, right?"
Posted: Jan 30th 2009 12:45PM AwesomeTown said
Note to self: Go and buy LBP. Valkyria Chronicles, and MGS4 already.
Reply
Posted: Jan 30th 2009 1:35PM Joystick Hero said
Oh AwesomeTown! If only you had bought those games earlier, Sony may have come out even this fiscal year!
D:
Reply
D:
Posted: Jan 30th 2009 12:42PM (Unverified) said
Now would be a good time to buy Nintendo stock.
However, I think it might go down a little more before it goes back up.
Go with your gut.
Reply
However, I think it might go down a little more before it goes back up.
Go with your gut.
Posted: Jan 30th 2009 12:39PM (Unverified) said
You don't exactly have to be Warren Buffet to know that EVERYTHING is going down, yes even Nintendo; glad I sold half of those shares while it was up last year.
Wait...
Is FF13/Gundamew still at kindergarden or something?
I was able to read through all these comments without hearing his Eric Cartman (Fat & Pained from the WoW episode) voice accusing everyone of being a sony fanboy.
Reply
Wait...
Is FF13/Gundamew still at kindergarden or something?
I was able to read through all these comments without hearing his Eric Cartman (Fat & Pained from the WoW episode) voice accusing everyone of being a sony fanboy.
Posted: Jan 30th 2009 1:17PM Stix Remix said
How canst though betray me, oh fickle reply button.
Reply
Posted: Jan 30th 2009 1:45PM (Unverified) said
The one man thread continues. Post again please.
Reply
Posted: Jan 30th 2009 4:00PM (Unverified) said
Seriously guys, read the comments.
WHAT HAS BECOME OF THE STIQ!?
Reply
WHAT HAS BECOME OF THE STIQ!?
Posted: Jan 31st 2009 4:46AM (Unverified) said
There are too many Marios in here than I would be comfortable with.
Where do they all come from?
*j/k*
Reply
Where do they all come from?
*j/k*
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