Look at their latest financial reports, Sony is making pennies from the PS4 compared to Nintendo during the GC and Wii era.

Lol if you think Vita makes any sort of meaningfull profit for Sony.

Do you even know how much profit games like Wii Sports Resort, Mario Kart Wii, MK DS, NSMB, Wii Fit and NSMBW made? Sony would need third parties to sell 3 billion of their games to match that.

Sony was never earning massive money last gen, PS division or entire company. They lost money, year after year.

Though another thing to note is that Blu-ray is not a wholly owned Sony property.  It is made up of a group of different patent holders of which Sony is not even the majority holder.  One early analyst estimated that Sony held less than 30% of the IP.  I've also read that Panasonic holds more Blu-ray patents on the disc drive and optical discs than any other single member of the group.  But the Blu-ray Disc Association (BDA) is large group, and with so many different members it's royalty scheme may get complicated.

The advent of Blu-ray also meant the decline of DVD which was far more lucrative for Sony.  DVD too was more widely adopted.

It's hard to say but it also seems like the future of the optical media industry is not so rosey.

In 2012 Sony was reported to close "Sony Optiarc", a wholly-owned subsidiary responsible for the production of optical disc drives. - source

Also in 2014 Sony reported the following 25 billion yen impairment charge due to the decline in the disc manufacturing business.

"Sony expects to record approximately 25 billion yen in impairment charges mainly related to its overseas disc manufacturing business. Primarily due to demand for physical media contracting faster than anticipated, mainly in the European region, the future profitability of the disc manufacturing business has been revised. Consequently, Sony has determined that it does not expect to generate sufficient cash flow in the future to recover the carrying amount of long-lived assets, resulting in an expected impairment charge. Primarily due to the reason mentioned above, the fair value of the entire disc manufacturing business also has decreased, resulting in an expected impairment of goodwill." - source

Overall Blu-ray is in a faster decline than Sony projected so they won't get the profits from it that they wanted or expected.

No, it really isn't domination.

Well it isn't now, it was last gen though. ;)

They could easily announce more titles for summer, fall, and winter. They only released the info of games that were supposed to come out within 6 months at E3 (the "reason" they didn't show Zelda Wii U).

It's just a reality that physical media is going away, like it or not. Nintendo may be the first ones to ditch it in their next console as well. And even if not, it's only a matter of time.

You seem to have a other opinion about what is domination nothing to argue about, but it wasn't (for me). PS1, PS2 and PS4 are and were crushing/dominating their competition.

GCN era is a very, very misleading term. It was the GBA era, cause it was the GBA that was making the profit. And PS4 is still only starting, but it is an existing cash cow, not just a melody of the past.

Lol if you think you understand what you read.

Cool story bro. Now tell me how much money Nintendo has burned and still has to burn in order to survive in the business after the Wii devastated their real customer base.

Consider a lot of that investment, investment into this gen. Something Nintendo arogantly neglected and now is paying the price.

That is just an excuse to avoid to say that they are almost done with the WiiU and 3DS. Nintendo never did an E3 like that, where they don't talk about the games releasing in more than six months. Don't you think that this really really really weird? That there is more to it than this bullshit excuse?

I get that people are fans, but let's not be blind. It's almost october, and we are still waiting for real news about 2016, some other than "this 2015 game is delayed for next year"

 We need to be realistic about the situation here.

I hope NX is not backward compatible. We have the VC for that. I want to buy a device that uses all of its components to play new games.