Sony Gives Investors 1 Million Reasons to Celebrate
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.
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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.
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