It looks like the analysts at Bank of America has been running around to consumer electronics stories to check Playstation 3 sales. Their conclusion: Bank of America’s Michael Savner this morning says recent checks find “sluggish PS3 sales, despite much improved availability.”, according to Barron’s.  Part of the reason seems to be that the price point is too high.

No wonder the less expensive Ninetendo Wii is doing well and the company reported home run earnings which were up 40% in the most recent quarter.

Sony’s (SNE) stock has rallied from $37 in October to a current price of almost $48.

Maybe that is a bit over the top.

Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.