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Posts with tag profit

Wii Sales Still Strong Despite Slowing Economy: Big Money For Nintendo

by Will Safer, posted Oct 31st 2008 at 4:26PM



ExxonMobil isn't the only company registering record profits -- video-game maker Nintendo reports today it will achieve record profits, largely fueled by consumer demand for the Wii platform, when its fiscal year ends next March, with about $3.6 billion flowing into the Japanese company's coffers.

While most entertainment and media companies expect a downturn this quarter, Nintendo attributes its brisk sales to the overwhelming popularity of its Wii and Nintendo DS handheld gaming device. Even with a stronger Japanese Yen making the exchange rate a little harsher for Japanese companies, Nintendo's projected earnings are still 36-percent higher than last year's.

But that's just dollar talk. What about actual units sold? 27.5 million Wii platforms spells big-time popularity to us, and we know what all those gamers are playing: Nintendo is selling 100,000 copies of Wii Fit every week. That's a lot of people who are sort of exercising with the gaming system. [From: AOL News.]

Wait Until After the Holidays to Buy a New TV, Analysts Say

by Terrence O'Brien, posted Aug 28th 2007 at 2:18PM


If you've been thinking about getting a fancy new HDTV, you might want to wait unitl after the holidays to make your purchase -- at least that's the advice several analysts have given to the New York Times. Over the past couple of years, flat-panel prices have plummeted (and subsequently) so have profits.

As a result, retailers are focusing less on the affordable brands (Vizio, Norcent, Olevia) and more on pricier name-brand models (Pioneer, Sony, Sharp). Best Buy, Circuit City and even Costco are not only pushing higher-end models with the latest features like 1080p and HDMI 1.3, but also high-profit additions like extended warranties and professional installation

The relentless push for higher profits will likely let up after the holidays. Many retailers also have large post holiday sales events. So if you're in the market for an HDTV, wait until Dec. 26th. In the meantime, you can always check sites such as dealnews.com to find the latest promotions that may in fact exist before or after the holidays.

From The New York Times

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Apple Profits Soar 73%, Shares on the Rise

by Tom Conlon, posted Jul 26th 2007 at 10:44AM

Apple Profits Soar 73%, Shares on the Rise

After dipping two days ago as result of confusing, misinformed headlines concerning poor iPhone sales, Apple shares regained losses and surged 9 percent yesterday during after hours trading.

The boost came after the Cupertino, California gadgeteer announced earnings growth of 73 percent during the last fiscal quarter. And, believe it or not, the iPhone was a non-factor. Apple sold a record 1.76 million computers during the quarter, which is a 33 percent gain over the same period one year ago. iPods sales were up 21 percent year over year, selling 9,815,000 units during the quarter. Apple's profit rose to $818 million, up from $472 million.

But, while Apple's old guard of products is driving profit, analysts believe the iPhone will be a contributor in the future as the handset gains popularity and as Apple rakes in money from its cut of AT&T subscription fees.

From AOL Money & Finance

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iPhone Not Expensive Enough?

by Terrence O'Brien, posted Jun 18th 2007 at 11:17AM

iPhone Not Expensive Enough
We never really thought we'd hear anyone say that Apple wasn't gouging its customers enough, but that appears to be the opinion of Rafi Mohammed, head of the consulting firm Culture of Profit, and author of 'The Art of Pricing.' Tom Taulli, over at Blogging Stocks had a chance to interview Mohammed who says, "Apple did a great job of setting prices. It kept the four-gigabyte model under the psychological $500 threshold, which was smart. It probably could have charged a higher price for the eight-gigabyte model though."

Mohammed goes on to recommend that Apple hold off on discounting the phone despite the ridiculous profit margin on the device. "Even with reported gross margins of 50 percent, which makes it tempting to discount, I'd advise Apple to moderate its discounting and consider setting higher prices when it rolls out models with new features."

As much as we're psyched for the iPhone, one of our big complaints is the high price point. With the entry-level four-gig iPhone running a steep $499, it's hard to imagine Apple meeting its goal of 10 million iPhones sold in 2008, unless it cuts prices quickly and significantly. Sure, the iPhone is pretty, but when you can buy both a BlackJack and an 80-gigabyte iPod for less than the iPhone, it's hard to justify the expenditure.

From Blogging Stocks

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