Xbox 360 sales reach dismal low, still the best-selling console in the US

The Xbox 360 is on its last legs before the Xbox One officially launches in November to take over the throne, but Microsoft's current gaming console is still the best-selling console in the US right now, claiming 31 straight months of being on the top of best-selling list, surpassing the PlayStation 3 and the Nintendo Wii U.

According to data from the NPD Group, Microsoft only sold 107,000 Xbox 360 units during the month of July, taking a big hit from the 140,000 that the company sold the previous month. Compared to earlier this year, Microsoft sold 261,000 consoles in March, 302,000 in February, and 281,000 units at the turn of 2013 in January.

Obviously, a big reason for the drastic drop in July is the upcoming release of the Xbox One, which gamers are no doubt holding out for as its release is just a few months away. However, that still doesn't diminish the significance of 100,000 consoles sold in just one month, meaning that there are some gamers out there looking for a bargain for a great gaming console, as the Xbox 360 is currently selling for a steal.

Furthermore, the NPD Group says that $178 million was spent on Xbox 360 hardware, software, and accessories combined, meaning that there's still a lot of interest in the eight-year-old console, even if a new one is just over the horizon. The Xbox 360 also held eight of the top 10 console game titles for the month of July.

Frankly, it's hard to believe that the Xbox 360 is almost eight years old, being first introduced back in November of 2005. The Xbox One was unveiled back in May and was also further detailed at E3 last month. Microsoft will be at Gamescom later this month, as well, to announce even more details on the new console before its release in November. The console has already received a bit of backlash, but Microsoft has since backtracked on plans for an always-on internet connection and heavy DRM restriction.