Michael Pachter: PS3 July sales higher than Xbox 360’s

Analyst Michael Pachter from Wedbush Morgan Securities has predicted that the PlayStation 3 outsold the Xbox 360 last July. While this can’t be confirmed until NPD comes out with the official sales figures, it’s worth noting that Pachter had made some pretty accurate predictions before.

He believes that 160,000 PlayStation 3s were sold last month compared to the 115,000 Xbox 360s. Pachter credits this surge of sales to two factors: the red ring of death and the price-cuts of the PlayStation 3. While this may be good news for Sony, the analyst also pointed out that the console industry is still being led by Nintendo with the Wii expected to rake in a whopping total of 330,000 consoles sold.

If Pachter’s prediction does hold true, can the Sony sustain the momentum they’ve generated and, if possible, get even closer to the Wii’s figures?

Via Game Life

Analyst Michael Pachter from Wedbush Morgan Securities has predicted that the PlayStation 3 outsold the Xbox 360 last July. While this can’t be confirmed until NPD comes out with the official sales figures, it’s worth noting that Pachter had made some pretty accurate predictions before.

He believes that 160,000 PlayStation 3s were sold last month compared to the 115,000 Xbox 360s. Pachter credits this surge of sales to two factors: the red ring of death and the price-cuts of the PlayStation 3. While this may be good news for Sony, the analyst also pointed out that the console industry is still being led by Nintendo with the Wii expected to rake in a whopping total of 330,000 consoles sold.

If Pachter’s prediction does hold true, can the Sony sustain the momentum they’ve generated and, if possible, get even closer to the Wii’s figures?

Via Game Life