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Sony profits are down, while Nintendo’s Latest News about Nintendo sales Free Trial – Way Beyond CRM – Learn how Landslide can help you. are way up. The Wii Latest News about Wii video game console is selling faster than Nintendo can keep up with. Following Sony’s announcement of its disappointing results Tuesday, which it partly blamed on huge costs for the PS3 launch, speculation is running rampant about the PlayStation 3’s Latest News about PlayStation 3 position in the video gaming market.

Sony’s report was that its gaming division had experienced a significant operating loss during the quarter, “primarily the result of the loss arising from the sale of PS3 at strategic price points, as well as the recording of other charges in association with preparation for the launch of PS3.”

The games division reported an operating loss of US$445 million during the quarter, compared with a profit Free How-To Guide for Small Business Web Strategies – from domain name selection to site promotion. of $557 million in the same quarter of 2005. Net profit dropped by more than 5 percent to $1.3 billion. The company shipped 1.84 million PS3 machines worldwide during the quarter, though its availability in Europe has been delayed to later this year.