Description Following its poor sales during November, CNNMoney editor, Eric Krangel, lashed out against Sony's Playstation 3, calling it a "sinking ship" that is "dying on the shelves".
Krangel pointed out that Playstation 3's November 2008 sales are actually 19% down from 2007's. "The problem for Sony isn't the recession, it's the PS3," he wrote. "Microsoft put up respectable numbers with its Xbox 360, selling 836,000 units vs 777,000 in November 2007. And Nintendo's Wii continues to dominate the market, more than doubling sales from 981,000 to 2.04 million."
Krangel attributed Playstation 3's alleged demise to three factors: (1) being the most expensive console on the market, (2) falling demand for BluRay movies and (3) its lack of good exclusive games.
"There's really only one option left for Sony to remain in the game: deep price cuts, and not just for people with good credit," he concluded. "Tell yourself the PS3 has superior graphics if it makes you feel better, but a $400 console with a mediocre game library simply cannot compete against an Xbox 360 priced at $200 in this economy."
