Nintendo's quarter shows it won't be stopped

Sales of the Nintendo Wii and DS game platforms powered the company to another record quarter. Profits at the company moved up over three times from last year's quarter to $1.16 billion.

According to The Wall Street Journal, "since the Wii made its debut in November, Nintendo has sold 13.17 million of the consoles world-wide. It again raised its sales outlook for the Wii for this fiscal year to 17.5 million units from 16.5 million." The company also raised sales targets for its DS game product.

The news cannot be viewed as good for Sony (NYSE: SNE), which had another big loss in its PS3 division. While the big Japanese company had strong camera and TV sales, they could not dig Sony out of the hole created by poor demand for its game console.

With the holidays already here, the Wii is likely to continue as a runaway best seller and Sony may be looking at a tremendous set-back if sales of the Playstation do not make a surge during the Christmas season on the heels of a price cut for the retail cost of the PS3.

For the time being, Nintendo appears to have Sony in purgatory.

Douglas A. McIntyre is an editor at 247wallst.com.