Despite a record jump in revenue, Netflix still failed to satisfy investors after announcing today that it had lost more than 800,000 subscribers in the past quarter, and will go into the red during the fourth quarter to pay for international growth.More >>
Sony says it sold more than 1 million of its PlayStation 4 video game consoles during their first 24 hours on the market.
The consoles went on sale Friday in the U.S. and Canada. Andrew House, president and group CEO for Sony Computer Entertainment Inc., said in a release Sunday that sales remain strong in North America. The company will launch the gaining system in Europe and Latin America on November 29.
Sony has said it expects to sell 5 million units by the end of its fiscal year in March.
The PlayStation 4 is Sony's first new video game console in seven years. It faces competition from Microsoft's new Xbox One, which goes on sale this week.
But unlike seven years ago, video game systems are also now competing against tablets, smartphones and other gadgets for the attention of gamers.
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