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ZorroX said:

It`s not like anyone expected crisis in late 2008 and that the console with highest entry price will have problems with selling big numbers.
PS3 performed good in late 2007 and was outselling x360 for the most of time in 2008. The gap was 6 mln. and could be 4 mln. by the end of 2008. Instead of this it went up to 8 mln. for some time.

PS3's gains in 2008 were due to price drops, and 360 almost immediately made back that ground when it got an equivalent drop later in the year.  That's actually why I'm skeptical of a long term pattern of PS3 over 360, we're bound to get another "equivalent response" next year from Microsoft (redesign + price drop) which may just keep the cycle going as is.

And while the financial crisis hit in late 2008, we really didn't start feeling the effects consumer side in games retail until early/mid 2009.  And bizarrely, 360's actually held up the best year-on-year compared to to other platforms (discounting the DSi and PS3 slim rebrands).  Wii was hit hardest, but then it had farthest to drop, and still sits in a comfortable 1st place even.