Sony sells 18.5 million PS4s

During its CES 2015 keynote, entertainment giant Sony touted big sales of its latest gaming console.

Despite the company’s financial losses in 2014, PlayStation 4 sales have been a beacon of hope for Sony. The entertainment giant lost $1.2 billion in the fiscal second quarter of 2014 after its mobile division hit rock bottom.

Company CEO Kazuo Hirai announced Monday that over 4.1 million PS4s were sold during the holiday season, boosting total sales to 18.5 million units so far. PlayStation Network now boasts 10.9 million subscribers.

Sony launched the PS4 in late 2013 to compete with Microsoft’s Xbox One and Nintendo’s Wii U.

Looking ahead, Sony isn’t expecting its entire business to turn around quickly. The company is forecasting an annual loss of about $2.1 billion when its fiscal year ends in March.

Source: CNET

 

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