Another Wiif for Nintendo

Nintendo warned last month that its first-half results would be lousy, and this morning the company delivered on that promise, posting its first half-year loss in seven years.

Nintendo Wiifs; iPad No Threat to DS, Says Exec

Surging sales of its Wii and DS led Nintendo to three straight years of record profits. But with the appeal of those devices now waning, the company needs to refresh them both lest it continue to post financials like those it announced today.

Ad Sales, Pay Walls, and Absolutely Nothing About iPads at the New York Times Earnings Call

The New York Times said things got better–or, if you like, no worse–during the last quarter of 2009. But investors are disappointed that the publisher isn’t more optimistic about 2010, and they’re pushing shares down this morning. Let’s see if the paper’s executives can turn that around during their earnings call.

Surprise of the Day: People Still Buying (Some) Music

The music industry’s decline has been so prolonged that this now qualifies as a man-bites-dog story: Sony says its music sales actually went up, just a bit, in the last quarter. Thank Michael Jackson and Susan Boyle.

NBC Droops, but Doesn’t Blame Its Woes on Jay or Conan

NBC knows its problems are larger than its late-night talk-show lineup. That said, if you haven’t seen Conan O’Brien’s latest insult of his soon-to-be-former employers, you really should.
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Apple: How Do You Say “Eat My Dust” in Finnish?

At 37.9 percent, Nokia’s share of the global handset market is the largest in the industry. Odd then to learn that it is not the most profitable. And odder still to learn that that honor belongs to Apple, which has been in the handset market for just two years.
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NBC Cleans Up Its Earnings Act for Comcast

After a couple of miserable quarters, NBC Universal finally has some good news to announce: Boosted by a one-time gain, earnings actually increased in Q3, even though the entertainment conglomerate’s revenue kept dropping. Perhaps those numbers will cheer Comcast investors, who have been beating up the cable company ever since news of its talks to buy NBCU surfaced last month.
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A Mixed Bag From the New York Times: Q2 Costs Got Better, Ads Got Worse, and Web Dollars Disappeared

We saw a mini-rally in newspaper shares yesterday, based on the notion that the worst may be over for the industry. But the New York Times’s Q2 results are pretty inconclusive: The publisher was able to take a big chunk out of costs, but revenue kept plunging, and Web ads dropped by more than 15 percent. The paper did say, though, that things got less bad as the quarter progressed, and that they’ll get slightly less bad next quarter, too.

Like Your Kindle Books Cheap? Don’t Get Too Used to It.

Are you one of those Kindle owners who stuffs your device with cheap e-books? Enjoy it now, say analysts at Bernstein Research. Because they’re not going to stay cheap, or at least, not quite as cheap, forever. Right now Amazon makes much more money selling you a hardcover book than a digital one. That can’t go on indefinitely.
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New from Nintendo: Super Mario Recession for Wii

So the seemingly unfailing demand for Nintendo’s Wii? Failing. Though Wii manufacturer Nintendo posted a 21 percent gain in quarterly operating profit on brisk demand for the videogame console, it slashed its forecast for full-year sales of the device.