Analyst: 360 sales below expectations

Analyst Lazard Capital Markets says North American Xbox 360 sales are tracking closer to 4.5 million rather than the previously expected nice round 5 million::

"Xbox 360 supplies improved significantly over the course of the year following initial hardware constraints, and it appears that pent-up consumer demand has largely been fulfilled. However, it is possible that an expanding software release calendar, as well as limited supplies of new PS3 and Wii hardware could help boost 360 unit sales over the holidays."

Yep, I hear sales go up at Christmas. I wonder if anybody with a desktop and a grasp of the obvious can be an analyst. Of course, they are raising expectations for the PS3 and Wii.