Consoles to generate $1.1 bln in 2005, $9.4 bln in 2008

The total combined PlayStation 3, Xbox 2 & Revolution revenue forecast will rise from $1.1 bln in 2005 to $9.4 bln in 2008, Instat says. Overall, Sony will remain the market leader in the next generation of consoles with its release of the PlayStation3. In-Stat expects both Microsoft and Nintendo to close the gap and release next generation consoles of their own.