Sony Corporation (ADR) (NYSE:SNE) announced today that it sold more than 5.3 million PlayStation 4 (PS4) game consoles worldwide as of February 8, 2014. The Japanese company exceeded its sales target of 5 million units by the end of March.
In a statement, Andrew House, president and group CEO of Sony Computer Entertainment Inc. (SCEI) said, “I am thrilled that so many customers around the globe have continued to select PS4 as the best place to play throughout and beyond the holiday season. We are delighted that according to the NPD Group’s latest data, PS4 was January’s top-selling console in the United States.”
There's a gold rush coming as electric vehicle manufacturers fight for market share, proclaimed David Einhorn at this year's 2021 Sohn Investment Conference. Check out our coverage of the 2021 Sohn Investment Conference here. Q1 2021 hedge fund letters, conferences and more SORRY! This content is exclusively for paying members. SIGN UP HERE If you Read More
According to Sony Corporation (ADR) (NYSE:SNE), the PlayStation 4 continues to demonstrate strong growth and momentum. The company is scheduled to release the game console in Japan on February 22.
House said, “The PS4 system’s momentum just keeps growing stronger, and we are extremely grateful for the continued passion and support of PlayStation fans. I’m looking forward to Japanese fans sharing the excitement of the deep social capabilities and entertainment experiences only possible on PS4.”
Sony Corporation (ADR) (NYSE:SNE) first launched the PlayStation 4 on November 15 in the United States and Canada, and was able to sell 1 million units during the first 24 hours of its availability in the market. After that, the game console became available in Europe, Australia and Asian countries on November 29 and sold an additional 700,000 units.
Sony Corporation (ADR) (NYSE:SNE) sold more than 2.1 million units of PlayStations 4 during the first two weeks of its launching from November 15 to December 1, last year.
Microsoft sold 3 million Xbox One units last year
On the other hand, Microsoft Corporation (NASDAQ:MSFT) launched its Xbox One game console on November 22. The company sold more than 3 million units last year. Yusuf Mehdi, Microsoft’s corporate vice president of Marketing, Strategy and Business, Xbox said the game console was selling out during the holiday shopping season in many retailers worldwide.
Microsoft Corporation (NASDAQ:MSFT) is testing some options to provide better deals for consumers on Xbox digital market place. The company will be selling Ryse: Son of Rome, a game for the Xbox One for $39.99, 30% lower than its original price starting tomorrow until February 24.