Nintendo's Switch Struggles to Keep Up With Sony's Older PS4
- Results, forecasts reflect strong cycle for Sony’s console
- Nintendo shares down this year as Switch sales remain steady
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The five-year-old PlayStation 4 is delivering more energy — and profit growth — for Sony Corp.’s business, when compared with Nintendo Co.’s much-newer Switch.
Quarterly figures from the two video-gaming rivals showed that Sony is benefiting from its best-ever console cycle, while Nintendo is struggling to expand sales of its play-at-home-or-on-the-go machine. Sony boosted its operating profit forecast yet again, results on Tuesday showed, while Nintendo missed estimates and kept its outlook intact. Sony shares jumped the most in a year on Wednesday, while Nintendo fell.