PS3 outsells Xbox 360 in US July

NEW PS3 PRICEPOINT HELPS SONY RECLAIM NEXT GEN CROWN IN USA

Well its looks like the new PS3 pricepoint is all people needed to purchase Sonys new next gen console. Since the price drop and a large increase in sales, analysts are now predicting that for the first time since its launch, the PS3 has overtaken the Xbox 360 in hardware sales.

"Now a pair of analysts is predicting that when the NPD Group releases its July sales figures next Thursday, they'll show that Sony's console outsold the Xbox 360 for the first time since its release last November. Wedbush Morgan Securities' Michael Pachter and the SimExchange's Jesse Divnich have released their expectations for July sales, and they've pegged PS3 sales at 160,000 and 165,000, respectively. (Divnich's hardware numbers were derived from the fluctuations of the SimExchange's own user-driven prediction market.)

By comparison, Pachter believes the Xbox 360 tallied 115,000 sales for the month, with Divnich suggesting Microsoft's system netted 142,000 sales. Pachter said sales of the Xbox 360 could have been hurt temporarily by the company's recent warranty extension calling attention to hardware reliability problems"