US sales of Sony PlayStation 3 decline 19% in November

According to the Wall Street Journal, US sales of the PlayStation 3 in November declined 19 percent from the previous month. This decline comes at a time when Nintendo Wii sales have doubled and Xbox 360 sales have risen 8%. In Black Friday sales alone, the Xbox 360 reportedly outsold the PS3 three to one and we all know the Wii continued to dominate. No holiday rebound is projected for Sony as analysts expect December PS3 sales to continue to remain flat while sales of its competitors are expected to remain strong. Sony is also expected to miss its goal of selling 10 million consoles in the current fiscal year ending in March 2009. Despite the somber projections by analysts Sony remains optimistic, focusing on the console’s year to date sales which have risen 60% and stating that “it is working hard to close the quarter strong”. With sales sagging and competition heating up, will 2009 be the year Sony finally cuts the price on the PS3?

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