For the first time ever Sony finds themselves as the underdogs in a battle in which they normally dominate, the videogame market. Since the launch of the Xbox 360 in November 2005, Microsoft set out on a mission and has not looked back since. The following year the PlayStation 3 launched but unlike the PlayStation 2 which quickly reached the #1 position, surpassing the Sega Dreamcast, the PS3 is facing a long and arduous road to the top spot.
In recent weeks, that bumpy road for the PlayStation 3 has started to pave up a bit as the sales of the PS3 has seen a drastic turn around. From August 2007-September 2007 the Xbox 360 was handing it to the PS3 on a large scale, especially with the introduction of the Xbox 360 Elite and the fan favorite, Halo 3. After those fazed a bit, the roles saw a huge reverse.
Now the PlayStation 3 is beginning to show surge in the European markets primarily due to the release of the 40GB PS3 console. Shorting after the release of the 40GB console, the PS3 rose from selling 5,000 units per week in September, to 12,000 plus units at the end of October. To get more in-depth, during the week ending October 28, VG Chartz has the PS3 outselling and out performing the 360 by 10% in the UK and by nearly 50% in the rest of Europe.
Please keep in mind now that this is largely due to the release of the 40GB console which saw a much needed and demanded price cut. Lets be serious, recently the PS3 has not released any AAA titles but yet the console saw this huge surge in sales. Just imagine how it will become once the PS3 releases Home, Metal Gear Solid 4, Gran Turismo 5, and Final Fantasy XIII in 2008? Then you add in the recent release of the 40GB PS3 in North American plus the new holiday campaign, and you have a nice recipe for success. Things are starting to slowly but surely look good for Sony and the PlayStation 3.
link: http://www.psu.com/PS3-to-surpass-the-Xbox-360-soon--a0001769-p0.php
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Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.
To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.
The stock mark is what makes Microsoft remarkable, They have convinced every institutional and retail investor to just keep piling money into them. Like many big tech giants they are just a big growing pyramid scheme. As long as people keep dropping money into ETF's that cover the market Microsoft will always be liquid. At the same time it is completely stifling innovation and competition. People need to start being more discreet in how they invest their money as it's killing the system.
Riiiiight because people will just flock back to them for one or two games per year.
15+ years of bad performance is what they call irreparable in business. It is time for them to sell off the assets and get out of entertainment.
These declines are on the back of extra revenue received from releasing games like Forza horizon 5 on PlayStation. So I’m being sarcastic here when I said they should go back to exclusives. Killing off a revenue stream from Ps5 sales will only make things worse
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But this is just a trash report... I love my PS3, but this is garbage... sorry PS3 fans... this is not worthy...
Yes it iwll win but proablly not by 2008... give it 3-4 years and then 5 after that to dominate
what does it matter if ever does beat the xbox big deal once the user base gets to a certain level no developers will want to miss out the revenue thats there to be gained so support will happen for all systems . people need to chill in here and enjoy their console of choice instead of putting other people down for liking something different . or better yet support all 3 if you can.