Andre Yoskowitz
21 Oct 2012 20:09
Microsoft has sold 70 million Xbox 360, a strong milestone for the aging console.
The console launched in November 2005, a year ahead of the rival Sony PlayStation 3.
At 70 million, Microsoft will have the eight best selling console of all-time, just ahead of the PS3 at 64 million and just behind the PSP at 74 million. Sony's PlayStation 2 remains the leader (likely of all-time unless the DS sneaks in some more sales) at 153.6 million.
Last year, Microsoft announced 50 million units had been sold, so the company has sold an impressive amount of consoles over the last two years. In the last quarter, however, the company only sold 1.7 million, a large 30 percent drop from the same quarter last year.
The video game industry itself has been struggling of late, with a downtrend in sales that has not let up for almost a year.
Analysts believe the industry could see a rebound starting later this year with the launch of the new Wii U and the expected launch of the Xbox 8 and PS4 next year.