Sony announced that thanks to a price cut they sold 1.2 million Playstation 3 consoles in North America over the holiday season. This brings their global all-time total to 5.6 million units, which lags well behind Microsoft's Xbox 360 (17.7 million and 4.3 million over the holidays) and the Nintendo Wii (13.2 million before the holidays, the numbers for which are not yet available).

What's more, Nintendo outsold the Playstation 3 by a margin of 3 to 1 in Japan over the last year, a market where Microsoft is essentially removed from the equation.

Read all about the Playstation 3 sales figures here.