SCEA has officially announced that the PlayStation Vita has sold over 1.2 million units as of February 26.  The sales figure includes numbers from Japan, Asia, North America and Europe.

While it is some reason to celebrate, the Vita is still experiencing stagnating sales and just recently was outsold by it’s predecessor the original PlayStation Portable in it’s worst week after release yet.  Many PlayStation Portable owners are still hesitant to switch to the Vita, the reasons usually being lack of a good number of Vita-only titles, high memory card price point and lack of UMD Passport support.  And that’s not even mentioning the Nintendo 3DS, which ever since it’s price drop and the release of several highly anticipated titles like Monster Hunter 3G, has been continuously selling like hotcakes.

The Vita was release in Japan on December of last year and on the International market last February 22.

Industry analyst Michael Pachter is expecting the Vita to exceed 4.3 million by the end of the year — a possible outcome, supposing a Vita price drop happens anytime soon.

source Forbes