Sony Announces 1 Million PS4's Sold on First Day
Written by: Gary Krakow
Tickers in this article: MSFT SNE
Sony shares were advancing nearly 2.5% to $18.96 in early New York trading.
Andrew House, President and Group CEO of Sony's Computer Entertainment division says "Sales remain very strong in North America, and we expect continued enthusiasm as we launch the PlayStation 4 in Europe and Latin America on November 29. We are extremely grateful for the passion of PlayStation fans and thank them for their continued support."
The PlayStation 4 is now Sony's quickest selling game console even beating the record set by Japanese fans when the PlayStation 2 was first released in March, 2000. Sony has said that it hopes to sell at least five millions PS4s worldwide before the end of its fiscal year in March.
Sony began rolling-out its new console in two markets - the United States and Canada. The unit, which has a suggested retail price of $399.99, features an eight-core, 64-bit Advanced Micro Devices
Initial reviews of the PS4 have largely been very positive, but a number of early adopters have reported problems. Amazon.com
The problem has been nicknamed the "Blue Light of Death" (mocking the infamous "Blue Screen of Death" on Microsoft Windows) because that power indicator is the only feature which seems to work on affected consoles. Sony says only a handful of problems have actually been reported but it will continue to investigate.
The PS4's largest competition will be Microsoft
Speculation surrounding the new Microsoft CEO has investors and industry watchers concerned that the Xbox unit may be sold to another company in an effort to cut costs, in an effort to return more capital to shareholders.
Written by Gary Krakow in New York.
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