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Any prediction below 50 million lifetime sales of PS3 is insane.

It's only been out 2 years, and that's only a 1/3 of the probably 6 years until the PS4 is released. In 2 years it's sold almost 20 mill, so in 6 years it should sell 3x20 mill = 60 million. Add to that some sales beyond 2012, at least 5 million, and we've easily got 65 million PS3s.