Microsoft says PS3 "haemorrhaging at retail"

Following the announcement of the latest NPD figures, Microsoft Xbox boss Aaron Greenberg claims that Sony's PS3 is "haemorrhaging at retail," with a 2 percent year-on-year drop in PS3 hardware sales. The latest US retail data shows that Wii sold 750,000 units sold in the US last month, while the 360 and PS3 sold 400,000 and 300,000 units respectively. "You can't underestimate that we're half the price of the PS3 at a time when consumers were looking for great value," Xbox's Greenberg informed Gamasutra . The Microsoft man took the opportunity to note that, "Xbox continues to head north while the PS3 is heading south." PS2 owners buying Xbox 360 "It's not just PS3, it's also PS2 down 62 percent year over year," he added. "With that business declining, and with the PS3 business declining, it's been described to me as haemorrhaging 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 ... (link)