After month upon month of being bested by the Nintendo Wii and Microsoft (NASDAQ: MSFT), the Sony (NYSE: SNE) PS3 is emerging from the shadows. Sales of video games rose 11% in North America in January. After the holiday season, many analysts expected that number would fall.
According to MarketWatch "the PlayStation 3 also surprised, selling about 269,000 units for the month and coming second only to the mega-popular Nintendo Wii, which moved about 274,000 units."
Executives at Sony must be beside themselves. After years of making a small fortune on the PS2, the Sony game operation became a financial boat anchor as sales of PS3 got off to an awful start.
Maybe those days are over.
Douglas A. McIntyre
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