http://www.gamespot.com/news/6173658.html?action=convert&om_clk=latestnews&tag=latestnews;title;4

In a conference call covered by Game Spot sibling site News.com , Microsoft chief financial officer Chris Liddell told reporters that the company had fallen "slightly shy" of its oft-stated goal of shipping 12 million 360s during its 2007 fiscal year, which ended on June 30.

Luckily for the Redmond-based firm, it only barely missed its goal. According to Liddell, over 11.6 million 360s were shipped worldwide during the 12-month period, which includes the four and a half months when the 360 was the sole next-generation console on the US market. The PlayStation 3 went on sale in North America on November 17, with the Wii following suit two days later.

If you remember they had revised down the shipping figures from 15 million before and now they even missed this mark... doesn't sound very good. They are projecting downards. At least they aren't flooding the market like Sony is (or was).

Two big pieces of negative news for MS' gaming division on the same day.

really they missed it by 4.4 million since their original target was 16 million then they realized they werent gonna be close so they changed it to 12 million back in february ...march...

I thought it was originall 15 million, probably forgot it was 16...

the fact that they changed it shows that they underestimated the Wii... Hell we all did... even the bandwagon jumpers...

i would have never thought the wii would sell like this. Congrats to Nintendo

I think it's blatantly obvious that the 360 needs a price drop. The number of people out there who don't own a 360 and are willing to spend $400 on a console are dwindling. Most have either picked one up or are waiting for a $200/300/379 price point.

I think they could easily get away with 199/299/399 to make some extra back on the elite console.

The question is, after missing shipping targets, and announcing a potentially 1 billion dollar loss to cover 3 years worth of warranty on an unnamed amount of consoles, will they be dropping the price this soon, or wait a bit longer? I figured they'd be reactionary to a PS3 price cut, but after said events, I think they may sit back and see how well the PS3 numbers pick up before deciding if they have to cut.

They may wait a month or so but it has to happen before the holidays. MS can't afford to sit through the holiday season with the Elite priced a measly $20 under the PS3.

Hell, even I would buy a PS3 over an Elite at those price points and there aren't more than three PS3 games I want to play.

I would like to see 3 things happen.

360 Elite ---> $350

360 Premium ---> $300

360 Core (give them a small harddrive please) ---> $250

 ~

Oh and some rpgs and more stradegy games on xboxlive. I could really care less about some 80's game remake.

The initial estimate was 13-15 million, which was revised down to 12 million early this year. Still interesting that after overshipping so much to get that 10.4 million sold to retailers by the end of 2006, they could only sell an additional 1.2 million to retailers over the next six months! And that includes the launch of the Elite!

According to this site, 360 has actually sold to consumers about 2.3 million in the first six months of 2007. So worldwide stocks have gone from 2.6 million sitting on store shelves to about 1.5 million, a more normal number.

I think there are more PS3's on shelves right now though since a week or two ago Sony said they sold 5.5 million to retailers and have only sold through 3.6 million of that. We'll find out for sure when Sony does their Q1 statement.