psvita PlayStation Vita sales plummet after one week

Sales of Sony's PlayStation Vita handheld gaming console have plummeted from 321,400 in week one to just 72,000 in week two, significantly less than rival Nintendo's 3DS.

Sales of Sony's PlayStation Vita handheld gaming console have plummeted from 321,400 in week one to just 72,000 in week two, significantly less than rival Nintendo's 3DS.

 
Sony enjoyed healthy sales for the initial two days following its launch in Japan, but the following week saw a sharp decline, suggesting the Vita might not have much staying power.
 
To put the figures into perspective, 371,000 3DS units were sold in its launch week, dropping to 210,000 in week two. A drop is to be expected after the initial flurry of sales, but the Vita sales decline is much sharper than that of the 3DS.
 
psvita PlayStation Vita sales plummet after one week
 
The solution will likely involve following in Nintendo's footsteps. When it saw a big sales drop it cut the price of the 3DS from $249.99 to $169.99, only a few months after the initial release. Sony has priced the Vita at $250 for its February release in the US, which means it will need to drop the price considerably if it is to drum up sales, particularly when its rival is significantly cheaper.
 
Nintendo also released some major game titles like Super Mario 3D Land and Mario Kart 7, which helped the 3DS recover some sales. The 3DS sold 484,000 units in the past week compared to the Vita's 72,000, which raises significant questions about how well Sony's latest handheld console effort will do.
 
Source: Forbes