Sony believes it has finally turned a corner with its stuttering PlayStation 3. Since the latest round of price cuts and the introduction of the simpler 40GB model, sales have soared in both Europe and the US. Speaking to The Associated Press, Sony’s CEO Howard Stringer declared “It’s the breakthrough we’ve been anticipating. We’ve been holding our breath.” The company says that it has benefited from rival Nintendo’s inability to meet demand for the Wii. Stringer confessed that “it’s a little fortuitous” the Nintendo keeps running out of hardware. Sony says it has a target of 11 million consoles sold by next March.