Sony (SNE) Sells 4.2 Million PlayStation 4 Consoles in 2013

NEW YORK (TheStreet) -- Sony (SNE) announced at the Consumer Electronics Show in Las Vegas on Tuesday it sold 4.2 million PlayStation 4 consoles as of Dec. 28, 2013.

Shares of Sony are down 0.4% to $17.23.

The Japanese electronics company launched the PlayStation 4 in North American on Nov. 15, and in Europe on Nov. 29. The last sales figures the company released pegged sales at 2.1 million consoles at the beginning of December 2013. By the end of the month the company was able to double sales of it's next-generation video game console.

Sony's sales figures come a day after Microsoft (MSFT) announced it sold 3 million Xbox One consoles in 2013. Microsoft said the Xbox One was the fastest-selling console in November, but it sold fewer consoles than Sony in the first few weeks after release.

TheStreet Ratings team rates Sony as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate SONY CORP (SNE) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."

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