Sony's PS3 hardware sales experienced a bump during the 2008 financial year. How about game sales? Last year wasn't a pretty good year for PS3 game sales worldwide. It was a damn good year.

The company released its 2008 financial report with software sales data for all three of its gaming platforms: PS2, PSP and the PS3. During the fiscal year, 50.3 million PSP games were sold, which is a decrease of 5.2 million compared to the previous year. PS2 games suffered a bigger drop: 83.5 million units were sold, which is a decrease of 70.5 million games sold. That's a nearly a 46 percent drop!

PS3 sales were brisk and strong. During the fiscal year, 103.7 million PS3 games were sold. That's an increase of 45.8 million (almost 80 percent!) compared to the previous year.

While PS3 software sales shoot up, it's important to keep the big picture in mind. PS2 sales were in free fall , which hurt total sales compared to last year. During fiscal 2007, Sony sold 267.4 million units, and during fiscal 2008, the company sold 237.5 million units. Overall software sales were down in 2008, not because PS3 software underperformed, but because PS2 software did. For the next fiscal year, Sony is projecting worldwide game sales to reach 240 million units across all platforms

Awesome

Actually, no.

PS3 Hardware stands at roughly 22 mil right now.  Sony is reporting 10 mil sold in FY 2008.  This equates to... 83% increase in hardware  YOY.  Software sales increased at a rate less than 80% (from your data). 

I fail to see how this is anything but a disappointment?  Please explain.

The hw rise was actually around 1mln, from 9 mln to 10,7 mln, more or less.

The comparison is between last year sales against this year and not installed base.
BTW, if you considered installed sw base, it would over 100% yoy for sw, actually, since the PS3 is only two years in market and sold in the second year 80% more sw than first year.

I hope PS3 continues with the software rise, since it should sell 12mln more hw this year. So if it mantains the atach rate average, the software should rise at least 30% this fiscal year.