Citing yesterdays disappointing November hardware sales, CNNMoney has called the Sony PlayStation 3 a “sinking ship.”
The numbers show that the PS3 sold 19 percent less consoles year-on-year from the same period in 2007, and CNNMoney believes that a substantial price cut is necessary if the console wants to see a growth in sales anytime soon.
After being outsold 840,000 to 380,000 for the month by its main rival the Xbox 360, many analysts have agreed that a price cut is necessary before the console falls behind by an “insurmountable margin.”
The CNNMoney article also attributed the slow down in sales to three specific reasons. The high price tag (All Xbox 360 models are cheaper than cheapest PS3), the fact that no one cares about Blu-ray, and the lack of strong selling titles for the platform.