Last year, from 12th November onwards, after lots of delays and anticipations. finally, Sony started selling its next generation gaming console, PlayStation 5. The gaming console made its debut alongside Microsoft Xbox Series X and Series S.
Analysts predicted beforehand that Microsoft’s consoles would easily edge out Sony’s console but as per recent reports, it seems that Sony has mostly dominated the markets. In terms of statistics, the PS5 sold twice as much as the Xbox consoles at the end of 2020. This report comes from the market analysis firm, GamingSmart.
The report further reveals that Sony was able to capture nearly two-third of the market as it sold over 4.48 million units of the PS5 while Microsoft managed to sell only 2.4 million units of the Xbox consoles. The report conveys that Sony commanded the top position in almost all of the 167 countries which the firm analyzed. Microsoft only led in 12 regions. Note that Microsoft’s two major markets China and the US are still in its control. Microsoft barely held on to a lead in the US with a 50.18% market share. In China, Microsoft’s market share is 62.27%.
Due to the pandemics, both the companies Sony and Microsoft faced a tough challenge during the launch of the next-generation consoles. Particularly, Sony went through a tough phase trying to meet the ever-growing demand.
It is worth mention that at one such point of time, Sony’s CEO Jim Ryan had to announce that the PS5 is completely out of stock. However, the company soon coped up by increasing the production of the console to meet the growing demand, and now, the reports suggest, Sony was actually able to deliver more units of the PS5 than Microsoft’s Xbox Series X/S in most of the markets in 2020.