Sony recently posted its earnings for the 2015 fiscal year and it should have the higher-ups at Nintendo sweating…
The company’s revenue was down 1.3 percent to ¥8.1 trillion, which is approximately $71.88 billion, while net profit grew 666.7 percent to ¥304.5 billion–$2.53 billion in US dollars. But the real cause for concern is below:
Sony's PlayStation Network sales hit 529,000m yen which means that PSN generated more revenue than the whole of Nintendo (504,000m yen).
— Daniel Ahmad (@ZhugeEX) April 28, 2016
Sony’s PlayStation Network alone managed to generate more revenue than the entirety of Nintendo in the 2015-2016 financial year.
In terms of operating income, or profit, PlayStation made 88.7bn yen ($786m). Nintendo made 32.8bn yen ($302m).
Of course, Sony’s PlayStation Network revenue is bolstered by the massive install base of the PlayStation 4 which is now up to a massive 40m. Sony gets some of that sweet dollar every time you buy something from PSN, naturally.
Then there’s all that lovely PlayStation Plus money – around $49 a year per subscriber, while Nintendo flaunt all their online goods for free, those fools.
It’s been a rough year for Nintendo. The Wii U is currently on track to be the worst selling Nintendo home console of all time, with a meagre 12.8 million units sold. It’s also been a while since the console has had any games worth dropping everything to play. Splatoon is the last one that comes to mind.
Compounding the problem is the recent announcement that the open world Zelda Wii U game will be ported to the NX as a launch title for Nintendo’s new console due March 2017. That, to me, signifies they have given up on the Wii U.
Can a new console help Nintendo catch Sony in the profits race or is it too little too late to defeat what’s becoming a Sony monopoly? Let us know what you think in the comments.