Liam_Selby
MyBroadband Intern
Nintendo's Switch can't keep up with PlayStation 4
The five-year-old PlayStation 4 is delivering more energy — and profit growth — for Sony’s business, when compared with Nintendo’s much-newer Switch.
Quarterly figures from the two video-gaming rivals showed that Sony is benefiting from its best-ever console cycle, while Nintendo is struggling to expand sales of its play-at-home-or-on-the-go machine. Sony boosted its operating profit forecast yet again, results on Tuesday showed, while Nintendo missed estimates and kept its outlook intact. Sony shares jumped the most in a year on Wednesday, while Nintendo fell.
[Bloomberg]
The five-year-old PlayStation 4 is delivering more energy — and profit growth — for Sony’s business, when compared with Nintendo’s much-newer Switch.
Quarterly figures from the two video-gaming rivals showed that Sony is benefiting from its best-ever console cycle, while Nintendo is struggling to expand sales of its play-at-home-or-on-the-go machine. Sony boosted its operating profit forecast yet again, results on Tuesday showed, while Nintendo missed estimates and kept its outlook intact. Sony shares jumped the most in a year on Wednesday, while Nintendo fell.
[Bloomberg]