Is the dismal holiday performance of Sony's (SNE) PS3 and blowout sales of Nintendo's (NTDOY) Wii indicative of how the two consoles will do over the next year? Cowen and Company's Doug Creutz thinks so, lowering his future estimates of PS3 sales and boosting his Wii predictions.

Doug's revised estimates:

• Sony will sell about 4 million PS3s in 2009, down from previous projections of 6.25 million units sold. Fewer PS3 sales in 2010 too, now projecting 4.5 million units sold vs 6.5 million previously.
• Wii picks up the slack: 8 million consoles to be sold in 2009 vs 6 million previous. More in 2010 too: 6 million vs old estimates of 4 million.
• Little change to Microsoft's Xbox 360: Estimates fairly steady, Doug sees 4.25 million this year, and another 4 million in 2010.

The interesting thing is Doug sees total console sales fairly flat -- it's just Nintendo is grabbing more customers that otherwise would have been Sony's.

So much for the idea that the Xbox and PS3 aren't in competition with Nintendo.

http://www.alleyinsider.com/2009/1/analyst-two-million-would-be-ps3-owners-will-buy-a-wii-instead

thats a lot of stealing the wii would do lol

The Wii sold 12M in NA in 2008, and this analyst just upped his predictions from 6M to 8M in 2009.

This guy is a genius.

I swear, I am going to make this bannable soon. Not even because it breaks any rules, just because it's so annoying.

But it's true--PS3 and 360 aren't competing with Wii.

It's not a race anymore when your competition is lapping you.

why are we talking about predictions of a guy who doesnt seem to know what he's talking about?

That was the sound of someone missing a point.

Atma: Seems to happen a lot on these forums. Sometimes I wonder why we all indulge in these predictions, since they're often so counter-productive. Whatever.

Did they find out about the controller charging trick as well?

This Doug guy has got his figures from where the sun don't shine.

i didnt write, its in the article >_>