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Farrell: PS3, 360 to enjoy strong success this cycle

THQ President Brain Farrell has stated that he expects the PlayStation 3 and Xbox 360 to turn in a solid performance in the on-going console battle, suggesting that both machines have “lot of firepower left in their arsenal,” despite the early success of Nintendo’s Wii.

“The way we’re thinking about this cycle from a high level is, the Wii at that lower price-point had a lot of momentum early in the cycle,” said Farrell, speaking at the Morgan Stanley Technology Conference.

“But as Sony and Microsoft come down the price curve those two should accelerate, and there’s a lot of firepower left in their arsenal.”

Farrell also commented that he expects both machines to enjoy strong sales in the current hardware cycle.

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