Sony (SNE) Sells 6 Million PlayStation 4 Consoles Worldwide

NEW YORK (TheStreet) -- Sony (SNE) announced Tuesday that it sold 6 million PlayStation 4 consoles worldwide as of March 2.

Shares of Sony were gaining 1.2% to $17.42 following the announcement.

The 6 million consoles sold worldwide includes 370,000 sold in Japan since the PS4's launch in the country on Feb. 22. Sony also said that PS4 software sales were strong, with 13.7 million games sold through retail stores and digitally in the PlayStation Store as of March 2.

Before the launch of the PlayStation 4 Sony said it hoped to sell 5 million consoles before the end of its fiscal year on March 31. The electronics company surpassed that number in February before the Japanese launch.

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TheStreet Ratings team rates SONY CORP 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 compelling growth in net income, revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."

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