With predictions of lifetime sales reaching 127 million sold PS3’s, David Mercer, analyst with Strategy Analytics has also laid claim that the black behemoth will not only reach this milestone but also outsell the competition along the way.

According to VideoGamer, A report titled “Taming the Waves: Games Console Life Cycles and Platform Competition,” David Mercer shed some light into his crystal ball of predictions;

“Nintendo has done a great job with the Wii in bringing console games to new audiences,” said Mercer. “But its sales are now falling, particularly in mature markets, and its installed base will peak in 2011. Ownership of both the PS3 and the Xbox 360 will hit their highest points between 2012 and 2014.”

Ultimately, Mercer predicts that the PS3 for it’s lifetime will reach 127 million units, compared to 103 million Wii units  making the PS3 the worldwide leader for this generation of consoles.

What do you think? Do you agree or disagree with this analyst?