Despite the soaring of Microsoft Xbox sales in March (up 21% over March 2003, primarily due to a price cut to $149), PS2 sales, which take up the majority of the video game hardware market, fell by 28% over March 2003. Analysts are calling the price point of the PS2 system ($179) "long in the tooth", and the industry has called on Sony to drop the price of their console. Gamecube sales fell 1% over the month and 4% over the year.
Software sales also dipped in the first quarter of 2004, from $167 million a year ago, to $157 million. Electronic Arts had four of the top ten games in the quarter, proving that consumers are buying games by big and well known publishers rather than taking risks on games by lesser known publishers, despite good reviews many of these games have received.
Four of the top ten titles were for the PS2, four were for the Gamecube and two were for the Xbox. One of the two Xbox titles being "Halo", a game released in November of 2001.