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Xbox One Sales Top 2 Million Units Since Launch Last Month: Microsoft

Xbox One Sales Top 2 Million Units Since Launch Last Month: Microsoft

By    |   Thursday, 12 December 2013 11:54 AM

Xbox One sales have topped 2 million video game consoles worldwide since launching last month, according to Microsoft Corp.

Released on Nov. 22, the video game console, which is the main competitor to Sony's PlayStation 4, crossed the 2.1 million global sales mark on Wednesday, just 18 days after its release.

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On sale in 13 countries, the Xbox One is selling quicker than its predecessor, the Xbox 360. It is sold out at most retailers, according to Microsoft Xbox spokesman David Dennis, Reuters reported.

"We're manufacturing as fast as we can" to replenish supplies at stores during the holiday season, Dennis said.

The Xbox One, priced at $499 in the United States, and PS4, priced $399, offer improved graphics for increased realism and faster processors permitting smoother play, as well as numerous exclusive games.

"Being even is a win for Sony," Benchmark Co. analyst Mike Hickey said.

Sony's pitch that its PS4 is a gamer-centric device has successfully attracted game enthusiasts and "that will show in market share moving forward," Hickey said.

Microsoft hopes the new Xbox will become the entertainment hub in living rooms, not only enticing gamers but appealing to a broader consumer base of TV fans and music lovers with its interactive entertainment features and media applications. It has been pitching its Kinect motion sensor camera, Xbox-only titles like "Ryse: Son of Rome," and features that allow hands-free control of television sets to differentiate its device.

Robert W. Baird & Co. analyst Colin Sebastian in October said he expected global shipments of 2.5 million to 3 million consoles for both the Xbox One and PS4 in October-December. Both consoles sold more than 1 million units in their first 24 hours after going on sale.

Investors are keeping a close eye on sales of the two next-generation consoles, which arrived after a gap of eight years. Analysts say they could reignite the video game market, which struggled with flagging sales for over a year until this fall when it began seeing a gradual uptick in revenue.

Strong launches of both consoles were a good sign for the industry but it was too soon to forecast where the market was going to shift, said Benchmark's Hickey.

Despite robust initial demand, "it remains to be seen how much mainstream consumer demand will unfold," Baird & Co.'s Sebastian said in a recent research note.

Microsoft shares were down 1.3 percent at $37.60 in afternoon trading on Nasdaq.

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The impressive sales numbers comes despite a glitch that is affecting some Xbox One units in which users report hearing crunching and grinding noises when certain games are loaded,
the Christian Science Monitor reported. Microsoft says it is still working to fix the problem.

"We're working directly with those affected to get a replacement console to them as soon as possible through our advance exchange program," Microsoft said in a statement. "Rest assured, we are taking care of our customers. While a replacement console is on its way, we want to ensure our advance exchange customers can stay in the game. We will provide each of them with a free digital download of one of the launch titles published by Microsoft Studios."

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Xbox One sales have topped 2 million video game consoles worldwide since launching last month, according to Microsoft Corp.
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Thursday, 12 December 2013 11:54 AM
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