Microsoft sells 2,000,000 consoles

xbox-one, microsoft

After only 18 days on the market, the new console from Microsoft (NASDAQ: MSFT) Xbox One has been sold two million times.

This is an extremely large number of consoles. Keep in mind the console is currently being exported from China to only 13 countries. At this rate it may reach 4,000,000 in just a few weeks.

I can only imagine how many children from these countries will get a new console from Santa Claus in just a few days.

David Dennis, a spokesman for Microsoft said recently “We’re manufacturing as fast as we can”

According to Colin Sebastian, a financial analyst at Robert W. Baird & Co. they will sell between 2,500,000 and 3,000,000 before the year ends.

According to John Love, Director of Video Games at Amazon (NASDAQ: AMZN) they were selling as many as 1,000 consoles PER MINUTE.

Michael Olson, a financial analyst at Piper Jaffrey (NYSE: PJC) also believes Microsoft will sell at least 3,000,000 consoles before the year ends.

Karl Slatoff, President of Take-Two Interactive Software (NASDAQ: TTWO) said recently “there are a lot of doubters about whether or not the console market in general is dead and I think the successful launches for the PS4 and the Xbox One have proven obviously console gaming is alive and well.”

The company is not placing all the eggs in the same basket and they are investing hundreds of millions in new intellectual properties just in case the cash cow Grand Theft Auto eventually dies.

David Jones created Grand Theft Auto and decided to start Unreal Worlds in 2002. After five long years developing a new intellectual property that could compete with Grand Theft Auto they released Crackdown. This game was a huge hit and eventually sold 1,500,000 copies. Keep in mind the global video game market was smaller six years ago.

Unfortunately, they spend the next three years developing only All Points Bulletin.

Maybe, Take-Two Interactive Software should buy Ruffian Games, the British developers behind Crackdown 2 and also buy 49% of the brand Crackdown from Microsoft in order to release Crackdown 3 exclusively for the Xbox One a year before Grand Theft Auto VI is released.




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