Microsoft Claims Playstation 3 Is 'Hemorrhaging At Retail'

Microsoft Claims Playstation 3 Is 'Hemorrhaging At Retail'

The latest NPD sales data revealed a significant 53 percent year-over-year Xbox 360 sales boost, and Xbox 360 product management director Aaron Greenberg isn't too shy to brag about it.

"That exceeds even the high end of what analysts projected we would do for the month," he said. "I think the highest I saw was roughly 30 percent. We've had multiple months now of sustained year over year growth, which is fantastic."

Greenberg then painted a pretty bleak picture of Sony's market performance.

"You can't underestimate that we're half the price of the PS3 at a time when consumers were looking for great value," he said. "The PS3 was down in February two percent even with the launch of Killzone 2 -- that's months of year-over-year declines. Xbox continues to head north while the PS3 is heading south. We're gaining share."

"But what we hear from our partners is that it's not just PS3, it's also PS2 down 62 percent year over year," he continued. "With that business declining, and with the PS3 business declining, it's been described to me as hemorrhaging at retail right now, and it just keeps getting worse."

"What we're finding in our research is that a large portion of the volume we're driving with Xbox 360 purchasers is actually PS2 owners choosing Xbox for the next generation. We're switching people from the PlayStation brand over to the Xbox brand."