Sony Touts PS3 Momentum; But Analyst Bets on Wii

Sony is confident things will start picking for the PS3 this holiday, though one analyst begs to differ saying it will be yet another Wii Christmas.

"The PlayStation 3 sold 121,000 units at retail for the month of October," Sony said in a statement immediately following the release of October sales data, which showed PS3 trailing Wii and 360 by a wide margin.

"Sony expects a great deal of momentum moving forward this holiday and beyond with the availability of new PS3 hardware and pricing. Based on internal data, the company is already seeing a great spike in sales with a 192 percent lift for the PS3 over the past two weeks."

Analyst Jesse Divnich, however, believes Wii will continue to dominate by a wide margin this holiday despite the recent PS3 price cut.

"Although the grass may look greener on the other side, the market still questions Sony's ability to generate strong first-party sales -- a key factor to any console's success," he said.