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What's holding the 360 back?

Forbes reports that Microsoft has suffered a particularly bumpy ride this last quarter, with analysts spotting a problem with shipments that hasn't yet been addressed:

"It is clear that something disrupted the supply of Xbox 360 shipments in the quarter, and there does not appear to be any end of year catch-up in shipments,”


The estimated number of Xbox 360s shipped so far is around 1.3 million, at 600,000 to 800,000 per month. This puts Microsoft on track for their estimated sales milestones, but why hasn't there been a catch-up with extra shipments going out to satisfy the tremendous demand for the console? Even this long after launch there are still huge shortages, so it's something on the supply side -- not the demand -- that's the problem.