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.