Sony will report an $892.5 million loss for Q1 2005. This loss comes as a result of a class action lawsuit started by consumers who purchased a defective/faulty Sony Playstation 2 between 10/15/2000 and 7/5/03. The lawfirm handling the lawsuit is the large Los Angeles based lawfirm Smith, Dewitt, and Jelinski.
The result of the penalty was a huge victory for all civilians involved, resulting in an average $21,500 per participating client. This loss came as a huge disappointment for Sony of Japan. Kenagi Matsumoto [Head of the lawfirm representing SOJ] had this to say: "I believe that an immoral injustice has been done on this day..." "...and futhermore my collegues and I will appeal this before a federal court."
Official representatives from Sony of Japan were not availible for comment. However a rumor leaked out of Nintendo of America that they were in the purchasing phase of their 2005 financial plan. Meetings have been confirmed between Nintendo of America and Sony of Japan, and it has been known for several weeks that Nintendo is to purchase 58% of Sony's current holdings.
This will be a triumph for Nintendo of America, who have reported a $67 million loss in Q4 2004 and Q1 2005. Nintendo has already made informal announcements that they will be merging the Mario franchise onto Sony's new Playstation Portable. Furthermore Sony's new technology BLU-RAY thought to be used exclusively for the "PS3" will be integrated into the "Nintendo Revolution".
The integration of BLU-RAY technology will allow for more data [20.75 Gigabytes] to be stored on one disc as opposed to the smaller [2.5 Gigabytes] able to be stored on Nintendo's own "mini DVD-ROM".
With the "Revolution" being capable of this much storage space on their new innovative system the results will be outstanding compelling consumers to play PS3 games, PSP games, Gamecube games, Nintendo DS uploads, and the new "Revolution" games. The current Wavebird controllers [a patented wireless controller by Nintendo) will be implemented into the new hardware.