From gamasutra.com:
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Market analyst firm Wedbush Morgan Securities is predicting "modest" Western video game sales and growth for the remainder of 2006, with dramatic surges on the tail of new next-generation consoles next year. The firm has also downgraded its predictions for the PS3 and PSP.

The firm also added that it is lowering North American PS3 sales expectations for 2006 from 3.0 million to 2.3 million, adding: "Although Sony continues to insist that it will ship 2 million PS3s globally at launch, another 2 million by year-end, and another 2 million in the March quarter, rumors about component shortages and assembly bottlenecks persist."

It continued: "Our prior forecast had presumed that Sony would hit its 4 million-unit shipment figure by year-end, with 50% of units reaching the U.S. and 25% of units reaching Europe. We have conservatively lowered this forecast by 25%, which appears consistent with published reports about capacity constraints."
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Read More: gamasutra.com