Boston, MA 06/10/2014 (wallstreetpr) – Sony Corporation (NYSE:SNE) looks to have consolidated its win over giant software and hardware maker Microsoft Corporation (NASDAQ:MSFT) on the sale of gaming console with the next battle expected to be fought on the cloud. Sony reports that gamers bought 7 million of its PS4 consoles having debuted in November compared to Microsoft’s 5 million Xbox One sale’s, made to retailers and not gamers.
Sony Tops Electronic Entertainment Expo
Sony Corporation (NYSE:SNE)’s Console sales clearly highlight why it was a worthy winner at the recently held Electronic Entertainment Expo in Los Angeles. During the expo, Sony Executives remained confident of topping the charts compared to executives from other companies led by Microsoft Corporation (NASDAQ:MSFT). Improved sales have already enabled Sony to beat its fiercest rival Nintendo for the first time in 8 years, in terms of annual sales.
Sony Corporation (NYSE:SNE) success can be attributed to the fact that it made minimal mistakes compared to Microsoft that spent greater part of last year correcting a stream of mistakes. Sony’s PS4 went on sale at $399, $100 cheaper, compared to other consoles. PS4 was cheaper as Sony did not bundle it with motion controller as seen in Xbox One.
Shrinking of Consoles Sales
The major concern for Sony at the moment lies on the fact that the sale of new generation consoles looks to be shrinking despite being sold in millions. It is apparently clear that PS4 and Xbox One won’t be able to enjoy the runaway success that Nintendo’s DS and Wii enjoyed in the last decade.
The biggest news at the E3 Expo is the expected release of Sony’s PlayStation TV set-top box which has already been tried in Asia. The box will work with Sony’s streaming game service, priced at $99. The beta version will be available on PS4 at the end of July.
PS4 Offsetting Beating on Television Division
Streaming opportunities continue to offer excellent ways in which old game inventories can easily be moved with people renting games for as little as $2.99 to $19.99. Sony Corporation (NYSE:SNE) is beefing up its PS4 game offering as it strives to forge forward compared to its arch rival Microsoft Corporation (NASDAQ:MSFT), which continues to lag behind. Upgrade of PS4 is seen as one of the ways that Sony is trying to offset a battering it experienced in its television Division.
