WSJ: 'Hope Fades for PS3 as a Comeback Player'

[wraggster]

If a console's feelings can be hurt, you might want to look in the corner for a rocking, sobbing PS3. Not even a month after being dubbed a "sinking ship" by Silicon Alley Insider, the Wall Street Journal has published an ouch-inducing article titled "Hope Fades for PS3 as a Comeback Player."

In the wake of NPD numbers for November showing the console solidly in third place and Black Friday sales of Xbox 360 pegged at 3-to-1 over PS3, the WSJ points out that holiday sales of PS3 are down 19% over the same period last year; Wii and Xbox 360, on the other hand, were up – 100% and 8%, respectively.

The Journal quotes Wedbush Morgan analyst, Michael Patcher, as predicting a price drop on PS3 hardware in April 2009, the beginning of Sony's new fiscal year. The paper says that if the sales gap can't be closed by such measures, "[Sony] could risk making the PS3 an afterthought to game publishers." Gloomy much?

http://www.joystiq.com/2008/12/29/wsj-hope-fades-for-ps3-as-a-comeback-player/

[JLF65]

MS cut the price of the 360 in HALF and they only managed 8% better sales?!? That should have them jumping from the windows (pun intended). What a shock that the MS Mouthpiece (sometimes called the WSJ) is slamming a foreign company while overlooking issues at home. :)

I wonder exactly how many hundreds of millions of dollars MS lost to get that extra 8%. The Xbox division of MS is hemorrhaging money like no one's business, but thank goodness they have their monopoly to fall back on. :)