Sony Sells Over Seven Million PlayStation 4s Worldwide

0
Sony Sells Over Seven Million PlayStation 4s Worldwide
YS-Park / Pixabay

Sony Corp (ADR) (NYSE:SNE) (TYO:6758) announced that it was able to sell more than seven million units of PlayStation 4 (PS4) computer entertainment system, five months after its availability in the market worldwide as of April 6, 2014.

The company also said that the sales of its PlayStation 4 software are still strong, with more than 20.5 million copies sold in retail stores globally and through digital downloads on PlayStation Store as of April 13.

David Einhorn At The 2021 Sohn Investment Conference: Buy These Copper Plays

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasThere'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


Overwhelming response

In a statement, Andrew House, president and group CEO of Sony Computer Entertainment Inc. said, “The response from the global gaming community for PS4 has been overwhelming and we are truly humbled that gamers are selecting PS4 as their next generation console of choice.“

House added that the company is still struggling to meet the strong demand for the PlayStation 4 around the world, but he emphasized that the management of Sony Corp (ADR) (NYSE:SNE) (TYO:6758) “remain steadfast” in their commitment to meet the needs of their consumers and “surpassing the wildest expectations of gamers by delivering new user experiences that inspire and engage.” He added, “We look forward to unveiling many of these experiences to our fans in the coming months.”

PlayStation 4 shipments beat Xbox One

Based on the estimate of VGCharts.com early in April, Microsoft Corporation (NASDAQ:MSFT) sold 4.2 million units of Xbox One. The figure shows that PlayStation 4 outperformed Xbox One in terms of sales performance.  The price of the Xbox One is $499 while the PlayStation 4 costs $399.

Some retailers such as Wal-Mart Stores, Inc. (NYSE:WMT) are offering discounts for the Xbox One to reduce its price difference with the PlayStation 4. The Xbox One bundled with the exclusive game title Titanfall from Electronic Arts Inc. (NASDAQ:EA) is offered by retailers for $450.

The PlayStation 4 is available in 72 countries and regions worldwide and it offers a broad genre of games of approximately 120 titles available and some are still coming this year.

Positive signs

According to Kazuyuki Terao, chief investment officer at Allianz Global Investors Japan Co, the sales performance of the PlayStation 4 is a good sign for Sony Corp (ADR) (NYSE:SNE) (TYO:6758). He said, “The consoles sales are a positive sign for Sony even though the overall electronics business is not performing well. It is more important for other products in the electronics unit to recover.”

Sony to sell stake in Square Enix

Sony Corp (ADR) (NYSE:SNE) (TYO:6758) announced its decision to sell its stake in Square Enix Holdings Co Ltd (TYO:9684) (OTCMKTS:SQNXF) for ¥15.3 billion yen ($150 million) and will book a ¥4.8 billion-yen gain on the sale in the first quarter of this year.

No posts to display