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Sir Cedric said:

"To Sony, shipped has always meant 'sold' and shipped to retailers,'" Karakker notes. "Microsoft views 'sold' as what has been sold to retailers but could be sitting on pallets in warehouses or stacked on store shelves. 'Sold' to Sony has always meant what the consumer has actually purchased." http://www.gamepro.com/news.cfm?article_id=9354

Heh... looks like this is going around in circles with the same official quotes being made.

The wording is certainly open to interpretation, but I have my doubts about the statement above. If that statement is indeed accurate - it would have been far easier for Mr.Oneda to simply announce that 5.5 million units were manufactured and sold.