Connect with us

Hi, what are you looking for?

Stocks

Nintendo And Sony Are Skyrocketing

The game is far from over for these two companies. Nintendo and Sony are both reporting huge profits thanks to their video games sales and the surprising selling of Sony’s Spotify stake. Both of the companies’ quarter 2 reports showed that, despite tech stocks on the decline, the two gaming giants don’t plan on going anywhere.

The PlayStation 4 has been named the most successful console on the market at the moment, with gaming sales high for their hits like “God of War.” Their total earnings racked up over $760 million alone thanks to video games and Spotify, not including any of their other tech hardware.

Nintendo is also faring very well, as the Switch is one of their most successful consoles since the release of the Wii. Their quarter 2 profits doubled thanks to successful game software sales as well. While the physical Switch console sales have been on the decline, that doesn’t mean Nintendo isn’t going anywhere because they also corner the handheld gaming market with their 2DS and 3DS consoles.

Upcoming releases such as new Pokémon games and “Battlefield 5,” along with a ton of other games showcased at the Electronic Entertainment Expo that will debut later this year could potential boost profits even more for the two companies, so we’ll be keeping a close eye on Nintendo and Sony for sure.

You May Also Like

News

In the past year, Peloton, manufacturers of stationary exercise bicycles and treadmills, has been experiencing some severe financial difficulties. The company went through a...

News

While the ongoing supply chain problems affecting the global economy have had the expected effects, they’ve also had some decidedly unexpected effects. Specifically, many...

News

As gas prices continue to rise and consumer confidence drops, not to mention the ongoing war in Ukraine, the European economy is taking a...

News

As the environmental need for electric vehicles becomes more pressing, and the car-buying public becomes more eager for them, automotive manufacturers are getting ready...

News

This morning, Coinbase CEO Brian Armstrong sent a mass email out to his company informing everyone that, as stock and crypto prices slip and...

News

Last week, a former cybersecurity expert for Twitter, Peiter “Mudge” Zatko, released a whistleblower report on the social platform. In his report, Zatko cited...

News

Zelle is a peer-to-peer payment app and service that can be used by individuals to send and receive money, in a similar vein to...

News

Earlier this week, following the third-term victory of Chinese President Xi Jinping, market shares in Hong Kong experienced a sudden, violent sell-off. Xi’s controversial...