Language Selection

English French German Italian Portuguese Spanish

PSP sells 600,000 in first week

Filed under
Gaming

Sony Computer Entertainment America put a figure on first-week sales of its new PSP portable gaming system today. By doing so it confirmed what many analysts were already reading into first-week sales--that the PSP was a solid hit but no home run.

According to SCEA figures, PSP sales generated $150 million in sales in the week following its 12:01am North American launch on March 24. Divided by the unit's $249 price, the total means Sony sold just over 602,000 PSPs out of an initial batch of 1 million.

Sony would say only that the device sold "over half a million" units during its first 48 hours on the market, meaning that it sold only approximately 100,000 units continentwide over the next five days--at best. Still, Sony said the tally was enough to "further validate PSP as the most anticipated product of 2005 and an industry-altering force."

By comparison, in Japan the device needed three weeks to reach the 500,000-units-sold threshold, according to USA Today.

In a prescient memo distributed before the Sony numbers were announced, Friedman Billings Ramsey analyst Shawn Milne said, "We believe that the PSP launch was solid but likely did not live up to the high expectations of a complete sellout in 24 hours."

However, the PSP's long-term future remains very bright indeed. In its online edition, Forbes reported that Banc of America expects March 2005 game sales to spike by some 16 percent--much of that courtesy of the PSP. "As sales of the PSP gain momentum and mass-market adoption rates increase, we expect software sales to broaden," says Banc of America, according to Forbes. Long term, the firm's analysts reportedly believe demand will "outpace supply."

Source.

More in Tux Machines

Microsoft Canonical

MongoDB Initial Public Offering (IPO)

Heterogeneous Memory Management and BFQ Improvements in Linux

  • Heterogeneous Memory Management Made It For Linux 4.14
    Heterogeneous Memory Management is the long-time work-in-progress functionality by Jerome Glisse of Red Hat for allowing a process address space to be mirrored and for system memory to be transparently used by any device process.
  • A Set Of BFQ Improvements Ready For Testing
    Recently I wrote about a BFQ regression fix that should take care of a problem spotted in our recent I/O scheduler Linux 4.13 benchmarks while now that work has yielded a set of four patches working to improve this recently-merged scheduler.

4 must-have writing apps for Nextcloud

If writing is part of your job or your everyday routine, you might find the Nextcloud open source file sync and share application a very useful tool. First, it provides you with free, secure, and easily accessible cloud file storage. Second, it's fully customizable, which means you can choose different writing tools, such as the four useful editorial apps described below, depending on the task you're trying to accomplish. You can find these and other useful add-ons on the Nextcloud app store. Read more