Sony Corp.‘s sales of PlayStation 2 in North America more than doubled in May, outpacing sales of video-game machines made by rivals Microsoft Corp. and Nintendo Co., an industry report said.
Sony sold more than 520,000 of the machines in the U.S. and Canada, an increase of 315,200 from April, according to a report by NPD Group Inc. obtained by Bloomberg News. Sales of Microsoft’s Xbox rose about 151,800 to 230,000. Nintendo sold 112,300 GameCube consoles, a gain of 30,300, according to the report, which is based on a survey of retailers.
All three video-game companies lowered the prices of their consoles in May, with Nintendo and Microsoft seeking to boost sales against PlayStation 2, the top-selling machine. Microsoft, whose sales of Xbox have fallen short of its forecasts, may lose more than $2 billion on the console by next June, said Brendan Barnicle, an analyst at Pacific Crest Securities.
Not a big surprise, really. Though I was a bit surprised by the idea that Microsoft could end up losing almost $2 billion on the Xbox. Ouch. Of course, when your company’s worth $90 gazillion I suppose the occasional loss of a couple billion doesn’t hurt that much.