Speaking with gaming blog Kotaku, exec has said that the is gearing up for a bumper season - the big cheese predicting that the 360 will beat the in this key period.

"We expect to continue our price advantage over the PlayStation 3 for a long time," Greenberg beamed.

"And we feel confident that we'll outsell the PS3 this holiday season in North America and in Europe. We'll do it on a global scale."

The price of the 360 was cut across the globe last month - prompting a sales surge which much have rattled Sony. For their part, the platform holder are still steadfastly refusing to cut the price of the PS3 system with Christmas looming ever nearer.

"We've grown our team and our infrastructure over the past year," Greenberg added on the subject of Live, which suffered numerous performance last year - the boss predicting a father smoother ride this Yuletide.

By Luke Guttridge