Sony Sells More PS4s Than Forecast

The console doesn't launch in Japan until later this month

   

Sony Sells More PS4s Than Forecast

The PlayStation 4 (PS4) video gaming console continues to generate good news for Sony (SNE).

sony playstation 4 630 300x200 Sony Sells More PS4s Than Forecast
Source: Flickr

Sony says that since its launch in November through Feb. 8, the next-generation PS4 gaming console has sold in excess of 5.3 million units worldwide. That hefty tally comes before Sony releases the PS4 in its home market of Japan on Feb, 22, Bloomberg notes.

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It is also well ahead of the 5 million PS4 units that Sony had previously predicted to sell globally by the close of next month.

The PS4 appears to be strongly outselling Microsoft’s (MSFT) rival Xbox One console, which also hit stores in November. A Sony spokesperson recently indicated that the PS4 had sold nearly twice as many units as the Xbox One in the U.S. last month.

Sony may have scored with consumers by pricing the PS4 at $399, fully $100 below the Xbox One.

With its electronics business struggling, Sony can use any bit of good news it can get. The company recently announced plans to exit the personal computer market and spin-off its money-losing TV business into a separate company.

Shares of Sony rose modestly in Tuesday pre-market trading, while MSFT stock sank slightly.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/02/sony-sells-ps4s-forecast/.

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