Sony Playstation 3

Nintendo Slashes Wii Price by 25%

Nintendo is making a major push to clear out its Wii inventory as it gears up to unveil its successor to the gaming system next month. The company will cut prices on the Wii video game console to $149.99 from $199.99, and bundle four of its more popular games as a $19.99 set.

Sony Earnings: Electronics Giant Returns to Profit

Sony reported on Thursday that it swung back to profit in its first quarter on strong sales of television, computers and PlayStations. The company also raised its full-year earnings forecast. The electronics giant earned a net profit $294 million for the quarter.

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Nintendo Wii sales drop on dearth of hit video games