Sony PS3 predicted to have over 60% market share by 2012

Market research company Strategy Analytics are forecasting that the PS3 will have 61% market share of the next generation console market by 2012, despote the fact that Microsoft will be releasing the XBox360 some six months earlier, and in time for Christmas 2005.

Both Microsoft and Sony will be making a loss on their new consoles in an attempt to reach an attractive price point, but the PS3 is expected to be the more expensive of the two new consoles, possibly starting at around $400.

Despite not being released until Spring 2006 and being more expensive than the XBox360, which rumours say will be released in November 2005, Strategy Analytics still think the PS3 will gain the major share of the market.

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