That price cut Sony introduced to the PlayStation 3 back in September is apparently working quite well. A report from Strategy Analytics points to the PS3 finally closing the Xbox 360 gap, with Sony’s black box accounting for 31 percent of the global market share in the first quarter of 2010.
Strategy Analytics’ report indicates that the PS3 will reach 14 million in sales this year, with the Wii bringing in 17.5 million and the 360 netting 10.5 million.
"Our analysis shows that while Wii sales fell relative to Q109, its share in fact remained constant relative to Q409. The main movement in Q1 2010 was the growing share for Sony’s PS3, at the expense of Microsoft’s Xbox 360," stated David Mercer, Principal Analyst at Strategy Analytics.
He said that the PS3 price cut helped push sales. The system will continue to maintain growth throughout the rest of 2010.
There is a bit of bad news, according to the report. The videogame market faces “major uncertainties” for 2010, partially because of the Wii’s decline, which will likely be impacted by Move and Natal. Overall, the firm says the global console sales will drop by 9 percent in 2010.