According to research by NPD Group, Nintendo's Wii was the best-selling console in February in the U.S. with 335 thousand units sold, easily topping Sony's PlayStation 3 (127k units), which in turn was outsold by more than two-to-one by the PS2 (295k units). NPD's data is preliminary, but shows the more technologically advanced, but more expensive PS3 continues to lag both the Wii and Microsoft's Xbox 360 (228k unit sold in Feb.). On a cumulative basis (U.S. retail) however, the Xbox 360 leads by a wide margin, given its head start, with 5.1 million consoles sold, compared to 1.9m Wiis and 1.1m PS3s. Microsoft's spokesman told The Wall Street Journal the company is 'pleased with its market position,' referencing February game sales in which Microsoft held 6 of the top 10 spots. Microsoft is also upbeat about the forthcoming Xbox 360 version of Guitar Hero 2 by Activision.
Sources: The Wall Street Journal
Commentary: Why the Nintendo Share Price Should be Affordable for Japanese Individuals • Sony Reveals Social Gaming Platform for PS3 • Nintendo's Secondary Not Necessarily A Bad Thing
Stocks/ETFs to watch: Nintendo (OTCPK:NTDOY), Sony (NYSE:SNE), Microsoft (NASDAQ:MSFT). Gaming software publishers: Electronic Arts (ERTS), Activision (NASDAQ:ATVI), Konami (NYSE:KNM), Take Two (NASDAQ:TTWO), THQ (THQI)
Seeking Alpha's news briefs are combined into a pre-market summary called Wall Street Breakfast. Get Wall Street Breakfast by email -- it's free and takes only seconds to sign up.