Sony PS2 Sales Slump, GameCube Surges

The videogame industry received a dose of good news on Wednesday when Nintendo Co. Ltd. said holiday sales of its GameCube rose over 70 percent from a year ago, while Sony Corp’s PS2 sales did notfall as sharply as expected.

A 27 percent rise in software sales for Sony’s PlayStation 2 (PS2) console in November and December from a year earlier confirmed that year-end sales were strong, but analysts said the comeback by Nintendo was big news for the industry.

“Nintendo has managed to make a bit of a comeback, which is quite important for them. It was make or break for them this Christmas season and they have pulled it off more or less,” said KBC Securities analyst Hiroshi Kamide.

A Nintendo spokesman said it would easily achieve a global sales target of six million GameCubes for the full business year, easing some market concerns about the feasibility of that goal after it sold only 890,000 in the six months to September 30.

The Kyoto-based company said holiday sales — roughly defined as the period from the end of November to early January — rose over 70 percent from a year earlier, without specifying how many units it sold.

Nintendo got a boost from cutting GameCube prices in Japan, Europe and North America in September and October, ahead of a holiday sales push.

Sony said in a news release that global PS2 sales fell about eight percent in November and December, but analysts said a single digit decline is a good showing at this point in the console’s business cycle.

Sony Computer Entertainment (SCE), the company’s game unit, said PS2 sales totaled 7.83 million units in November and December, down from the previous year’s 8.5 million units. Software sales rose to a record 66 million units. PS2 has been a runaway success for Sony since it was launched in Japan almost four years ago, grabbing almost two-thirds of the game console market in competition with Microsoft Corp’s Xbox machine and Nintendo Co. Ltd.’s GameCube.

PlayStation head Ken Kutaragi told reporters last week that the entire industry enjoyed a strong holiday season.

Microsoft’s Chief Xbox officer Robbie Bach told Reuters in an interview earlier this month that the game machine’s holiday sales were “solid,” without specifying exact numbers.

Still, KBC Securities’ Kamide cautioned about getting too excited.

“The trend to November was so poor that people really pushed down expectations so low and were a bit too pessimistic. The actual result was good, but on the whole it was not as fantastic as people think,” he said.

Sony said PS2 sales in North America fell 27 percent to 2.94 million units in November and December from four million units a year earlier.

It said sales grew 18 percent to 1.11 million units in Japan, where sales were boosted by a decision to cut PS2 prices by roughly 20 percent to 19,800 yen.

In Europe, PS2 sales rose five percent to 3.56 million units.

Prior to the announcement, shares of Sony closed up 3.82 percent at 4,080 yen after investment bank Goldman Sachs upgraded the shares, due in part to strong Christmas sales.

Nintendo shares closed up 0.1 percent at 9,900 yen, while the benchmark Nikkei average rose 0.12 percent.

Source: Reuters


For the first time ever, PlayStation will be a no-show at E3

For the first time in the event's history, E3 2019 will not feature Sony or PlayStation. The massive event almost always features a lengthy press conference from Sony, often after all other major companies give theirs.

Every rumor about the PS5, including a new game from Luminous Productions

PlayStation 5 rumors have been circulating for over a year now but there's still plenty we don't know. Here's everything you need to know about the PS5, including rumors about its release, specs, and games.

The best cheap-but-awesome PS4 game deals under $20

The PlayStation 4 has hit its stride in recent years and is now more affordable than ever. If you have a PS4 or are thinking of buying one, we’ve collected some must-have games. The best part? Each of these is just $20 or less.

The best Nintendo Switch deals and bundles for November 2018

Looking to score Nintendo's latest hybrid console? We've smoked out the best Nintendo Switch deals right here, including discounts on stand-alone consoles as well as bundles that feature games like Fortnite and Super Smash Bros. Ultimate.

Cyber Monday 2018: When it takes place and where to find the best deals

Cyber Monday is still a ways off, but it's never too early to start planning ahead. With so many different deals to choose from during one of the biggest shopping holidays of the year, going in with a little know-how makes all the…

Find a fish and get your boogie on with Fortnite's week 8 challenge

The Fortnite season 6 week 8 challenges have arrived as we near the end of this spooky season. The big free challenge this week is the Fortnite fish trophy challenge where you need to dance with different fishes. Here are all of the…

‘Gears of War’ designer Cliff Bleszinski says he’ll never make another game

Cliff Bleszinski, the game designer best known for his work on the Gears of War series, says he will never make another video game. His studio, Boss Key Productions, shut its doors earlier this year.

All the Best Target Black Friday deals for 2018

The mega-retailer opens its doors to the most competitive shoppers at 6 p.m. on Thursday, November 22, and signs indicate that the retailer means business this year. We've sifted through all of the deals, from consumer electronics to small…
Virtual Reality

Think virtual reality is just for games? These awesome apps will change your mind

Virtual reality isn't all about gaming. Swim with turtles, paint in 3D, and immerse yourself in some unique experiences the platform has to offer with our curated list of the best VR apps.

‘Fortnite’ gifts perfect for the video game fan in your life

Chances are someone on your holiday shopping list is a fan of Fortnite. As the most popular game on the planet, there are plenty of Fortnite-themed gift options available for purchase in stores and online. Here are the best ones we found.

The Best Black Friday Deals from Best Buy in 2018

We've been hard at work assembling all the best Black Friday deals Best Buy offers in 2018 and putting them in one place to save you time and money this holiday season. From laptops to TVs, game consoles to smart speakers and much more…

HDR monitors are beginning to have an impact. Here are the best you can buy

HDR isn't the most common of PC monitor features and is often charged at a premium, but the list of available options is growing. These are the best HDR monitors you can buy right now.

Nintendo and Microsoft say they’re all-in on E3 after Sony bows out of 2019 event

Shortly after Sony announced it will not participate in E3 2019 for the first time, Microsoft and Sony announced the show will go on as usual for each software giant. E3 2019 now presents a unique opportunity for Sony's major competitors.

The best PS3 games of all time

Choosing the right PlayStation 3 game can be a conundrum, especially when there are nearly 1,500 titles to choose from. Thankfully, we've rounded up the best games to have ever made it to the platform.