PS3 Sales Improve, But Still Last Place
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NPD Group's July numbers for game console sales have arrived, and the news is good for Sony and Nintendo. The struggling PlayStation 3 saw a 60 percent sales boost thanks to a $100 price cut on the 60GB model that is being phased out. But Nintendo still held the sales lead with its Wii.
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Reported layoffs at Sony may serve as another wake-up call to the company's current struggles in today's gaming market, but an executive denies that PS3 sales are to blame.
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Sony Corp sold 1.2 million  PlayStation 3 video game consoles in North America over the  holiday season, the company said on Sunday.
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Sony dropped the price on its PlayStation 3 in July - from $599 to $499 for its 60-gigabyte model - and got a bump in sales, but Nintendo&#39;s Wii continued to dominate by posting its largest monthly sales figure of 2007.
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U.S. chain store retail sales saw a slight decline of 0.3 percent on a week-over-week basis.  However, on a year-over-year basis, the sales momentum remained strong at 3.5 percent, a report said on Tuesday.
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Sony Corp.&#39;s (6758.T) $100 price  cut for the PlayStation 3 is not enough to turn the fortunes of  the game console, which has suffered a slow start, an executive  of game software maker Konami Corp. (9766.T) said.
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Nintendo Co Ltd's video game console Wii  outsold Sony Corp's PlayStation 3 by a ratio of three to one in  Japan in August, but Nintendo's overwhelming lead in the market  narrowed for the second consecutive month.
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Sales of Sony's PlayStation 3 (PS3) console in the US rose by 21% in June, according to analyst figures.
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Sony Corp.  cut the price of the PlayStation 3 by $100, or 17 percent, in the United States on Monday, a move that should boost the video game console's lackluster sales.
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Sony says hundreds of games will be released for the PlayStation 3 this year, which should improve the game console's weak sales.
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The PlayStation 3 (PS3) console has reached 1 million unit sales in PAL regions, including the U.K. and the rest of Europe.
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Nintendo Co.'s  Wii game console  outsold Sony Corp.'s  PlayStation 3 by more than five  to one in Japan last month, according to XFN-Asia.
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Nintendo&#39;s runaway surprise hit, the Wii gaming console, continued its strong performance last month, particularly in the Far East. According to Reuters, research by the marketing firm Enterbrain showed that the Wii outsold the high-end Sony PlayStation 3 by a ratio of more than six to one. In the four weeks ending June 24, Nintendo sold more than 270,000 Wiis, compared to Sony&#39;s sales of just over 41,000 units. Microsoft&#39;s Xbox 360 was a distant third, with just under 18,000 units sold.
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A widely expected PS3 price cut won't jump-start Sony's sales. What they need is a hit title for gamers.
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Video game sales soared to a record $18.2 billion last year, but the days of strong growth are on pause as players await a new generation of consoles.
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Nintendo&#39;s Wii is still holding the top spot in its home country, but Sony&#39;s PlayStation 3 is gaining ground on the low-cost console. According to Japanese game magazine publisher Enterbrain, Nintendo sold 245,653 Wii consoles during the four weeks ending August 26. Sony sold 81,541 units of the PS3 during that same period.
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Sony's upgrade video-game console PlayStation 3 will be delayed until March in Europe, but will go on sale in November as planned in the U.S. and Japan, the executive in charge of the project said Wednesday.