Microsoft (NASDAQ:MSFT) met Sony's (NYSE:SNE) challenge over the weekend. The software giant announced sales of more than 1 million Xbox One gaming consoles within the first day of launch. At first blush, that appears to be the exact same feat that Sony accomplished a week earlier with the PlayStation 4. But that's not the whole story.
In the video below, Fool contributor Demitrios Kalogeropoulos digs a bit deeper into the launch figures, pointing out that the Xbox One's debut benefited from a wider release. That suggests the PS4 will do even better as it becomes available in more areas. Still, Microsoft logged a bigger result in overall revenue, as its device carries a 25% higher retail price. The takeaway, Demitrios argues, is that the healthy launch figures are great news for both companies, and also good news for GameStop (NYSE:GME), which is poised to benefit from a growing video game industry.
Fool contributor Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool owns shares of GameStop and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.