PS3 not in production yet, Wii likely to outsell it this year

Concerning the launch of the PlayStation 3 itself, which is targeted for a worldwide release in mid November, the executive revealed that Sony has not yet begun manufacturing of the next-generation console. However, he did note that “everything's pretty much on track.” and that “...we're internally really getting geared up to go to market with this beautiful console in three months' time, and at this point in time all signs are good to go.”

Digging deeper, and looking at specific quantities that the three separate territories of Japan, North America, and Europe/Australasia can expect to see at launch, Hirai spoke matter of factly, commenting that the company still anticipated shipping 2 million units worldwide by the close of 2006. He noted that while Sony has not come up with a firm allocation yet, he anticipates “less than 700,000 units per territory, per major territory between launch and the end of the year.”

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MY THOUGHTS:

With only 2 million PS3's available worldwide until the end of the year, and only 700,000 in the United States, this looks like its going to be a problem for Sony. Nintendo just announced recently that they upped production of the Wii to 5.5 million consoles available to own by the end of the year.

So, in essence the Wii could outsell the Playstation 3 by almost 4 million consoles even if the PS3 sells out; the Wii would have to sell out itself to accomplish this as well. With the price and launch line-up being so much better for the Wii than PS3, I could see it happening and its not out of the question. Sony is getting itself behind early and it looks like Nintendo is going to take full advantage of this.