Live from Austin!

Last year:

Investigators handed 26 items, including clothes, phones and cameras, to transit workers, “explaining that they had found the lost articles on a train or bus.”

But, the report states, “Three months or more after these items were placed in the system, we recovered only three from the Lost Property Unit at 34th Street. The whereabouts of the other 23 articles is unknown.”

Last year:

The report said that the transit agency’s lost property unit received more than 8,000 items each year and that only about 18 percent wound up back in the hands of their owners. Most unclaimed items were eventually auctioned off, the report said.

This year:

While riding in the New York subway, Carlos Alayo found a wallet sitting on an empty bench. In a hurry to get to a meeting, Alayo picked up the wallet and said he was going to check it for ID later. Before he knew it he was being frisked by police.

It turns out the wallet was planted by New York City police as part of “Operation Lucky Bag,” a decoy operation involving planted wallets and undercover officers watching how bystanders react.

I can imagine the conversation:

“This is a public relations disaster. Now that people know that practically nothing they hand to officials ever gets returned to its rightful owner, they’ll stop handing stuff in and we’ll lose the auction profits.”

“I’ve got it: we’ll start a sting operation to make people scared to return anything to its rightful owner!”

When the Xbox 360 came out, it was portrayed as something everyone wanted, the amazing new console that was selling out everywhere. Yet the next week, when I walked into Costco they had a pallet piled high with the things.

When the Wii was launched, it became the console that was really selling out everywhere. But by then, Microsoft had moved on to their new story, that the Xbox 360 was the biggest selling next-gen console.

Except that it isn’t.

If you read the small print on Microsoft’s announced sales figures, you find that they’re not actually lying; but they count a console as sold as soon as it leaves the factory. Sony and Nintendo do the same, but there’s a big difference in how that figure relates to the number of consoles actually sold to gamers.

If you walk into any electronics store, you’ll probably see several dozen Xbox 360s piled up in the main store. You won’t see anything like as many PS3s, and you probably still won’t see a Wii. Think about that. Also, think about the fact that electronics stores don’t actually like to pile expensive items up in the middle of the store inside their boxes; it usually indicates that they’ve got even more piles of the things in storage out back, and have run out of space and are trying desperately to shift them. Have you ever seen a big pile of digital cameras in their boxes in Best Buy? A stack of dozens of Denon receivers in Circuit City? Nope. But you’ve probably seen a big stack of $30 Chinese DVD players on clearance…

Someone has put these observations together with some hard sales data. It turns out that the channel is absolutely bloated with unwanted Xbox 360s. Not only that, the 360 was almost matched for sales by the PS2, except during Halo release month, which is clearly visible as a statistical anomaly. When the release of a single game skews your sales that much, that can’t be a good thing either, can it?

In fact, Xbox 360 sales peaked in 2006. And with the PS3 now having a solid library of good games, I don’t see it improving. Also interesting is the analysis of how the 360 is actually more expensive than the PS3, once you factor in the add-ons to make it equivalent in capability.