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PS3 unable to hold its own against Wii, Xbox 360 this holiday season

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Considering the way that the Wii flew off shelves last month, this next item probably won't come as a shock to anyone. According to the Wall Street Journal, both Nintendo's console and the Xbox 360 trounced the PS3 in holiday sales, with U.S. sales falling nine percent from this month last year. During this same period, sales doubled for the Wii and rose eight percent for the Xbox 360. Perhaps none of this should be a surprise, as Sony declined to cut prices on their system, while a lack of exclusive game titles and a number of inexpensive Blu-ray players went a long way towards making the PS3 the least attractive option in an already difficult retail climate. If anything, it looks like Sony won't be able to rely on the console to help prop up a flagging electronics division that just announced it will be cutting thousands of jobs in a bid to boost profitability going into 2009. Happy New Year, indeed.

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