PSN brings in more money than all of Nintendo

[Teeqoz]

KLAMarine said:

Teeqoz said:

Nintendo made more profit this quarter due to foregin exchange gains.

That's part of it, I'm sure.

Teeqoz said:

EDIT: I'm assuming we're talking about gaming division only? If we include all of Sony then you have to account for the 1 billion dollar writedown in their movie business.

I'm aware of Sony's struggling film division.

Are you aware of what a writedown is? Because a writedown of 1 billion dollars in their movie division doesn't mean that their movie division lost 1 billion dollars. It means Sony have realized that until now they have overestimated the value of their movie division, so they now have to reduce in in their balance sheet, and this action is accounted as a loss. It's merely an accounting loss. Microsoft had the same a few quarters ago, where they had a writedown of 7 billion dollars in their mobile division.