Microsoft sells 1M Xbox One consoles in 24 hours.

Microsoft sold over 1M Xbox One consoles within the first 24 hours of it going on sale Friday. Sony had similar success with the launch of its PlayStation 4 console a week before, but Microsoft got the same numbers releasing the Xbox One in 13 countries while the PS4 was only launched in the U.S. and Canada. Microsoft had planned to release the Xbox One in 21 countries, but there were issues with production so it had to scale back the release. The Xbox One is priced at $499 and the PlayStation 4 at $399.

The release surpassed sales of the Xbox One’s predecessor the Xbox 360. Both Microsoft and Sony are trying to resuscitate a console market that shrank by 32% to $13.3B from 2008 to 2012. Both companies are currently backordered for their devices as 2.3M customers are on GameStop’s waiting list for a new device. Sales are expected to reach 3M for each console by the end of 2013. 

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