Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

After refilling its inventory of PlayStation 4 video-game consoles, Sony Corp. once again took the lead in retail sales in the U.S., leaving Microsoft Corp. and its Xbox One on the second position in January after a fierce rivalry for industry dominance.

Sony Corp. made an official e-mailed statement yesterday and explained that its PlayStation 4 video-game consoles sales almost doubled those of its nearest next-generation rival. The company also revealed that the combined sales of the PlayStation 4 and its predecessor, the PlayStation 3, beat all other platforms sales in January 2014.

The demand for new consoles on the market, and especially their ability to encourage a broader retail comeback, is closely monitored by the video-game industry. The industry also checks what number of customers have shifted their preferences for play permanently to smartphones and tablets. NPD announced in an e-mailed statement that spending on video-game hardware on the territory of the U.S. increased by 17% and reached 241 million dollars in January this year compared to a year earlier.

Microsoft Inc. made an official statement on January 15th saying that 908,000 Xbox One units were bought by customers in December 2013, surpassing the sales of PlayStation 4. Microsoft, however, did not reveal how many consoles it sold last month.

NPD explained that comparisons are difficult, because January 2013 included an extra week. If this week is removed, the regularized sales show that total hardware revenue increased by 47%. The firm also said that Nintendo Co.s Wii U, which has been on the market for more than a year now, is one of the main rivals of the PlayStation 4 and the Xbox One. NPD reported that Nintendo Co. posted information that the sales of games made for its 3DS handheld have risen by 6% on a normalized basis. The sales of Wii U are reported to have jumped by 26%.

NPD also said that total sales of video games, including accessories, decreased by 21% and reached 664 million dollars. As reported by Bloomberg, the firm said that they would be down only 1% on a four-week comparison basis.

Dan Race, who is a spokesman of Sony Corp., said in January that over the Christmas holiday season, the company has done everything possible to resupply U.S. retailers after it experienced much stronger demand than initially expected.

Sony Corp. dropped by 1.50% in Tokyo to settle Fridays session at 1 703 JPY. Shares have fallen 6.7% so far this year.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Silvercorp Metals announces $0.0125 semi-annual dividendSilvercorp Metals announces $0.0125 semi-annual dividend Silvercorp Metals Inc (NYSE: SVM) said on Monday that its Board of Directors had authorized a semi-annual dividend of $0.0125 per share.The dividend will be paid on June 27th to shareholders of record as of the close of business on […]
  • UK Labor Market Softens, GBP/USD Slides 0.6% to 1.3468UK Labor Market Softens, GBP/USD Slides 0.6% to 1.3468 Key Moments:GPD/USD dipped 0.6% to 1.3468 on Tuesday. UK average weekly earnings (excluding bonuses) increased 5.2% year-over-year in the three months to April, easing from 5.5% in the previous period. Unemployment rose to 4.6%, the […]
  • Over MYR 23.7 Million Lost in TriumphFX Investment Scam, 72 Malay Victims ReportedOver MYR 23.7 Million Lost in TriumphFX Investment Scam, 72 Malay Victims Reported Key moments72 investors have filed police reports, with total losses exceeding MYR 23.7 million. The syndicate promised monthly returns of 4% to 7% and used Zoom chats to attract victims. A TriumphFX clone has been identified, with 23 […]
  • Federal Signal announces $0.12 quarterly dividendFederal Signal announces $0.12 quarterly dividend Federal Signal Corporation (NYSE: FSS) said on Tuesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.12 per share of common stock.The dividend was kept unchanged from the previous quarterly dividend […]
  • Forex Market: USD/NOK daily outlookForex Market: USD/NOK daily outlook During yesterday’s trading session USD/NOK traded within the range of 5.9580-5.9954 and closed at 5.9831.At 6:32 GMT today USD/NOK was losing 0.16% for the day to trade at 5.9743. The pair touched a daily low at 5.9720 at 6:31 […]
  • Forex Market: EUR/USD daily trading outlookForex Market: EUR/USD daily trading outlook Yesterday’s trade saw EUR/USD within the range of 1.0900-1.0991. The pair closed at 1.0926, falling 0.45% on a daily basis, while extending the loss from Monday. The daily high was a lower-high test of the high from December 28th.At 7:16 […]