Microsoft (NASDAQ:MSFT) had a great weekend, selling one million Xbox One consoles in the first 24 hours. This figure is similar to Sony's (NYSE:SNE) PlayStation 4 sales. With these two consoles slugging it out for gaming supremacy, what do both gamers and investors need to know?
Jamal Carnette notes the history, Sony's PlayStation was the de facto standard quickly after it released the initial PlayStation. Sales picked up with the PlayStation 2, reaching an estimated 150 million units. Microsoft's Xbox started slower, selling 25 million units. However, Microsoft's second iteration, the Xbox 360, was released before Sony's PlayStation 3 and stole away valuable market share.
Evan Niu notes the Xbox One is a play on the future and becoming a total living-room solution. Higher price point aside, the Xbox One attempts a higher level of integration into your TV.
Finally, with rumors that Stephen Elop, one of the front runners for Microsoft's CEO role, is considering divesting the Xbox, should gamers be nervous?
In this version of Tech Teardown, Jamal Carnette talks Xbox One with Evan Niu, CFA.