Analyst believes that demand for Sony Playstation 3 might be softening

Analyst believes that demand for Sony Playstation 3 softening

Analysts at American Technology Research have claimed that the demand for the Sony’s next generation gaming console Playstation 3 seems to be softening in the market.

The company said that more than half of a group of their surveyed stores had Sony Corp.’s PlayStation 3 in stock. In comparison, Nintendo Wii was sold out at all the stores.

Analyst Paul-Jon McNealy said in the research note: “Our channel checks yesterday of 52 retail stores, from boutiques to big-box retailers, showed that 28 of the 52 stores had PS3 consoles in stock, while none had Wii consoles in stock.”

One of the surveyed retailers had as many as 60-plus machines in stock. However, McNealy said availability in stores of PS3s does not essentially mean that the demand is low. They plan to continue to monitor the situation.

Sony spokesman Dave Karraker responded by saying: “It isn’t because demand has weakened; it is because we have kept the supply pipeline moving.”

Sony just recently stated that they have shipped 1 million PS3s to Japan. They had earlier achieved the same milestone in the US market.