Pachter says PS3 outsold Xbox 360 in July

As a master of the occult, Wedbush Morgan analyst Michael Pachter has access to an astonishing amount of prescient items. He typically rotates them, most recently speaking to the mirror which he got at an estate sale from a Queen who apparently took a nasty fall. Pachter went up to the mirror and asked, "Mirror, mirror, on the wall. In July, who's the console winner of them all?"

The Mirror replied, "Why the Nintendo Wii and DS, of course."

Miffed at the information given by his impulse purchase, Pachter replies, "You better tell me something I don't already know or I'm shipping you by freight to Pidgeon!"

In a moment of sheer panic the Mirror blurts out, "NPD will report the PS3 beat the Xbox 360 in sales for July."

Pachter believes that for the month of July, which will be official from NPD on Aug. 23, that the DS (450,000 units) and Wii (330,000) dominated sales in North America. Although, for the first time ever, the PS3 will show sales of 160,000 units, while the Xbox 360 will have 115,000. This would also mean that the PS3 will have doubled sales since announcing their 60GB clearance sale last month. He goes on to say that the Xbox warranty issue was a speed bump for Microsoft as "as consumers struggled with the meaning of the 'three red rings of death' issue." He believes that the price cut and apparent fix of the design flaw will rebound Xbox 360 sales.