Microsoft says Xbox sales on track

C|Net | at | by Mike

A Microsoft executive said Friday that the company is on track to meet Xbox sales targets for the current fiscal year. Mitch Koch, vice president of retail sales for Microsoft's games division, said the company has sold 8 million Xbox units to date. With the holiday sales season over, Microsoft expects to sell about a million more by the end of the company's fiscal year June 30.

Nintendo recently lowered sales forecasts for its GameCube console; worldwide sales are expected to be between 10 million and 12 million by March 30, the end of the company's fiscal year, boosted by strong sales in its home territory of Japan. The Xbox has been nearly invisible in Japan, selling slightly more than 300,000 units since its debut there last March.