PSN still makes more money than the entirety of Nintendo Co., Ltd.

[Lawlight]

Cerebralbore101 said:

The issue that I have with this thread is that the sources are not PNL/Balance sheets, so it's easy to move money around, or not take certain liabilities into account.

PSN has an income but almost no operating expenses since the other parts of Sony handle that. So it's easy to just say that PSN makes more money than the entirety of Nintendo, so long as you forget to count actual overall company expenses.

Then there's the fact that Sony doesn't just do games, and Nintendo pretty much just does games. Sony may have a higher net income, but how much of that is gaming related? Did they finally turn their non-gaming divisions around?

People are only looking at income statements, and not things like net income, assets, liabilities, operating expenses,.

Nintendo is worth somewhere around 10 billion dollars, and Sony is only worth somewhere around 22 million. Or at least that's according to last year's PNL/Balance sheets.

http://www.nasdaq.com/symbol/sne/financials?query=balance-sheet

http://financials.morningstar.com/balance-sheet/bs.html?t=NTDOY (This is in millions of JPY, but you get the picture)

But at any rate, I'm glad that both companies are healthy. I almost exclusively play on Sony and Nintendo platforms these days. Without them the most exciting games of this year wouldn't exist. 

P.S. Sony's gaming division had an operating income of around 55 billion yen according to the source provided in the OP. Nintendo had around 40 billion yen in operating income, according to OP's source. Assuming that operating income is net income, Nintendo made around 15 billion yen less than Sony's gaming division. And that's in a console launch year to boot. 

That's not how a company's worth is determined. Amazon and Netflix are highly indebted companies and we all know they're a lot.

As for your PS, you're company 1 quarter of the PS division's OI to Nintendo's 2 quarters in this FY.