Microsoft's recently-released gaming console, the Xbox One, is creating quite a stir.
The gaming console seems to be doing quite well, but exactly how successful is the Xbox One? Pretty successful, if the resounding response to the console is anything to go by. Per Microsoft, since the console's release on November 22, every Xbox One it is making is being sold.
"We are humbled and gratified by the overwhelming response from our fans to the launch of Xbox One. Eleven days in we are seeing record breaking sales and are selling every Xbox One we can make. Demand is far exceeding supply in the 13 countries we've launched and we are sold out at retailers around the world," said Yusuf Mehdi, Corporate Vice President of Strategy and Marketing, Xbox in a statement.
The all-in-one games and entertainment system is a massive hit with gamers and Microsoft reveals that the usage is "incredible" and with over 50 million hours spent on Xbox One games and entertainment.
The Xbox One released in North America, Australia, and parts of South America and Europe on November 22. With unprecedented demand for the console, it is already sold out in most regions even as the software giant is trying hard to restock the device.
In such a scenario, Microsoft's decision to cut down the launch day countries from 21 to 12 seems to have been a wise one. The company now has more Xbox One consoles to distribute, else it would have faced a shortage as it did with previous generation consoles.
Xbox One's success can be attributed to the strong launch titles like Crimson Dragon, Dead Rising 3, The Fighter Within, Forza Motorsport 5, LocoCycle, Ryse: Son of Rome, Zoo Tycoon, Zumba Fitness World Party and Killer Instinct.
Rival Sony, which launched the PlayStation 4 (PS4) on November 15, isn't faring too badly either. Sony said it had sold 1 million PS4 units within the first 24 hours of its launch in the U.S. and, as of December 1, the company has sold more then 2.1 million PS4 units.
Post launch, Microsoft also announced it had sold more than 1 million units within 24 hours of its debut. However, therafter Microsoft did not come out with any new sales figure.
According to Wedbush Securities analyst, Michael Pachter, it is unlikely that Xbox One has seen less sales than PS4. Both the companies likely have a factory capacity of making 1 million consoles per month, Pachter said.
Microsoft's Xbox One retails for $499, which is $100 more than the PS4.
