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Unless I'm mistaken, that 11 million figure is never explicitly mentioned on the Q1 report, or at least they don't specifically say it's sold rather than shipped. All they say is "[their] forecast for the [fiscal year] is unchanged from the [previous] forecast". I'd say 11 million is with the previous counting method.

That means they expect 16.5 million shipped (as in warehouses) LTD in March 2008, and say nothing about sold (as in retail). They may still meet it, but only with some 4-5 million units in inventory, and another 1-2 million or so lying around somewhere - they already had 2 million in inventory this March, so that's not unbelievable. Also, that might explain the PS2 and PSP disparity, as they're may not want be willing to build inventory on those.


Reality has a Nintendo bias.