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In north america a price drop is not needed, but in other regions including japan a price drop is desperately needed, they need to cut the price in those regions to improve sales and be back to outselling the playstation 3.

Also you have to remember that Microsoft is not the one playing catch up, they are still selling well and stilll have the much larger install base. Microsoft can wait it out.



 

 2008 end of year predictions:

PS3: 22M

360: 25M

wii: 40M