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TheSource said:

They could just be overshipping now so they can use their factories to make a lot of X720s (rather than X360s) in the holiday quarter. That was part of the reason the original Xbox was phased out earlier than necessary. Instead of making 3-4m X360s in Q4, they can make 2-3m, and 1-2m X720s too.

Overshipping in the last 9 months?