A recent interview with analyst Paul-Jon McNeely of American Technology Research brought to light analyst expectations that the Sony PS3 shortage is in full effect and Sony is stretching themselves thin with the upcoming European launch. McNeely expects the PS3 shortages to last into the Summer with Wii shortages to last until early Spring. With no stock to sell and few killer apps coming for the PS3, it looked a bit as if Sony would be in for a hurting this holiday season. But it’s not so, since the PS2 appears to be running neck and neck with the Microsoft Xbox 360 for second choice.

McNealy said investors and game makers tempered their forecasts for the PS3s since initial numbers fell short. He added that the PS3 will likely remain scarce through the June quarter.

“They have to launch in Europe, and they’re stretched,” said McNealy.

Wii shortages could ease in the March quarter, he said.

Read more: Fox News