Sales forecasts of PS3 launch titles declines as PS3 is regarded as "will be great, but not yet"

Shares of games for Sony Corp.'s PlayStation 3 (PS3) were down across the board following the launch of the PS3 console on November 17. This decline may be due to the general sentiment that the PlayStation 3 will be a great machine--but is not one yet due to the lack of great launch titles.

Sony Corp.'s Resistance: Fall of Man (PS3), -3.65 DKP (-3.92%), declined to 89.39 DKP (forecasts 893,900 copies sold) touted by many as the killer app for PS3 has also been referred as a good first-person shooter, but limited to that as it is simply a previous generation game with updated graphics.

Shares of other launch titles were down, including Activision's Call of Duty 3 (PS3), -3.52 DKP (-3.93%), down to 86.04 DKP (forecasting 860,400 copies sold), Tony Hawk's Project 8, -2.60 DKP (-3.92%), down to 63.70 DKP (637,000 copies sold), and Marvel: Ultimate Alliance (PS3), -2.86 DKP (-3.93%), down to 69.97 DKP (699,700 copies sold). Longer term titles like Midway Games' Unreal Tournament 2007 (PS3), -3.13 DKP (-5.85%), also declined falling to 50.36 DKP (forecasts 503,600 copies sold). Long time PlayStation favorite Gran Turismo HD (PS3), -12.96 (-6.26%), fell to 194.04 DKP (forecasts 1.94 million copies sold). PlayStation 3, +28.36 DKP (+0.68%), actually finished the day up at 4225 DKP.