"The PS2 will have legs well into 2008," says Michael Pachter, an analyst at Wedbush Morgan Securities in Los Angeles. And while Nintendo Co.'s Wii console is getting most of the industry buzz, and the Xbox 360 from Microsoft Corp. has racked up big sales in its year on the market, some say the PS2 might even beat out each of those offerings in 2007. "The PS2 probably has the capacity to sell more than any other gaming" console, says Simon Jeffrey, chief operating officer at game maker Sega of America.
They are even giving the PS2 a leg up over the Wii and the Xbox 360, which is surprising considering the success the 360 has had the past year and the successful launch the Wii has seen as well. Production price for the PS2 has dropped considerably, however, which could very well impact people's decisions to buy. Sony could potentially even beat Nintendo in a price war with the PS2, something that would definitely help them considering the substantial loss they incur with every sale of the PlayStation 3.