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Analyst: Xbox 360 sales up, Wii sales down

Wedbush analyst Michael Pachter estimates that Microsoft sold 380,000 Xbox 360 units in January, besting the rest of the market and rising 14 percent over its January 2010 sales. Pachter said he believes Nintendo tallied 320,000 unit sales in January, down 31 percent year over year. Sony once again came in third place in Pachter's January estimate with 240,000 PlayStation 3 units sold on the month. That figure is down 13 percent compared to January 2010.

On the portable side, Pachter believes Nintendo sold 350,000 DS units, representing a steep 17 percent decline year over year. Sony's PSP likely only saw 80,000 unit sales on the month, down 20 percent from January 2010.

All told, Pachter believes that year-over-year hardware sales were down 13 percent in January. He also estimates that software sales were down 11 percent during the month with Nintendo leading the way with $180 million in total sales. However, that figure is down 19 percent, compared to January 2010. Only Microsoft's Xbox 360 saw stronger software sales in Pachter's calculations with a 4 percent gain to $165 million.

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