We sensed that the market mood was cooling off in the spring. But frankly, we hadn’t expected to get as bad as it did by summer.
Nintendo President Satoru Iwata • Describing the quick decline in sales of the Nintendo Wii this year. Despite the company’s cut in price on the Wii, it kind of made things worse this quarter: Profits dipped 52%, while sales slid 28%. Nintendo’s working hard to make some changes to help improve profits – new Mario and Zelda games are coming soon, and the company could make changes to the platform to enable (on the Wii’s end) Blu-Ray discs and (on the DS’ end) 3G and social networking. Oh, how the mighty have fallen. • source
Somehow, Apple outdid themselves again. More people than ever are buying Macs, with sales up 17 percent from a year ago. And the stock, as you can see, is reacting positively to the fact that the company has $1.67 billion in profits this quarter. It hit a record high today. The cult of Steve is stronger than ever.source