This past week, two big gaming companies released earnings reports, and each had a very different story to tell. Nintendo (NASDAQOTH: NTDOY ) revealed that its newest console, the Wii U, is underselling its six-year old Wii console. Despite this, the company managed to reach a net profit for the quarter, but poor console sales do not bode well for Nintendo's future, especially with heavier competition from Microsoft and Sony later this year.
On the other hand, Take-Two Interactive (NASDAQ: TTWO ) beat expectations thanks to older games like Grand Theft Auto IV. With Grand Theft Auto V hitting store shelves this September, this indicates a solid future for the game developer. Check out the video below featuring Incredibly Handsome Blog Editor Mark Reeth for more details!
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