Sony Gives Investors 1 Million Reasons to Celebrate

Before you go, we thought you'd like these...
Before you go close icon

Sony  sure had a good weekend. The Japanese giant said it sold more than 1 million PlayStation 4 units on launch day, easily making it the most successful launch of a gaming console ever. Sony launched first in North America, with subsequent international rollouts to follow, making the headline figure even more impressive.

That's not to say the launch went off without a hitch, though. There have been widespread reports of a "Blue Light of Death" plaguing certain defective units. Affected units aren't functional, and user backlash is mounting. Still, this is very likely a small fraction of buyers, albeit a very vocal minority. Microsoft's  Xbox 360 was similarly plagued with a "Red Ring of Death" for years, and that didn't seem to stop Microsoft from dominating the console gaming market for years on end. Sony may not have to worry too much, either, although the company certainly needs to address the problem.

In this segment of Tech Teardown, Erin Kennedy discusses Sony's new console with Evan Niu, CFA, our tech and telecom bureau chief.

Be your own Buffett
As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal "The Motley Fool's 3 Stocks to Own Forever." These picks are free today! Just click here now to uncover the three companies we love. 

The article Sony Gives Investors 1 Million Reasons to Celebrate originally appeared on

Neither Erin Kennedy nor Evan Niu, CFA, has any position in any stocks mentioned. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading