Microsoft: Xbox 360 will outsell PS3 this Christmas (


"We expect to continue our price advantage over the PlayStation 3 for a long time," said Greenberg.

"And we feel confident that we'll outsell the PS3 this holiday season in North America and in Europe. We'll do it on a global scale."

With all three SKUs reduced in price, it's perhaps not surprising that the cheapest console – which sells for under USD 199 in the US and GBP 129 in the UK – is performing very well for Microsoft.

"We've seen lifts across all consoles, but the Arcade is doing exceptionally well," added Greenberg.

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