NEW YORK (TheStreet) -- Microsoft (MSFT) dipped Thursday after rival Sony (SNE) announced on its blog that it had sold 7 million PlayStation 4 units worldwide, a sign that the latter is dominating the current battle in the video game console wars.
Microsoft has remained quiet about Xbox One sales in recent months; the last official word in early January was that the company had sold 3 million units. All other numbers since then have been speculation, and Bloomberg recently estimated the figure at approximately 4.2 million in early April.
Sony, by contrast, has been more active in updating the public on its PS4 sales figures, as it made statements when 5 million and 6 million consoles had been sold.
Microsoft dipped 0.97% to $40.01, a 39-cent decline from its previous close of $40.40, at the close of trading on Thursday.
Separately, TheStreet Ratings team rates MICROSOFT CORP as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."