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Sorry MSFT Stock Investors – Xbox One Sales Aren’t That Great

Xbox One sales may not boost Microsoft stock

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Xbox One Sales – Microsoft Xbox One Sells 1 Million Consoles in 24 Hours

xbox-one-sales-msft-stockWhy it seems good: Microsoft was quick to announce that Xbox One sales exceeded 1 million consoles in the first 24 hours of launch. That put the Microsoft Xbox One right on pace with Sony’s (SNE) PS4, and showed strong demand for the console.

Why it’s not as good as it seems: We already knew this would happen. Pre-orders for the PS4 exceeded 1 million too. And in the days leading up to the Xbox launch, developers for the Microsoft Xbox One insisted that pre-orders were just as high for their console. Sure, this is still good news, with Xbox One sales showing that the new MSFT console could match the PS4 … but it’s old news. MSFT stock already reflects that status.

Article printed from InvestorPlace Media,

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