Video game stocks were down on Friday alongside the latest video game console sales data from Japan. According to the latest sales report, Sony’s (SONY) PlayStation 5 Digital Edition sold 12,141 units from March 30 to April 5. This made it the second-best-selling console in Japan that week, behind Nintendo’s (NTDOF) Switch 2, which sold 59,543 units.
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While the PlayStation 5 Digital Edition performed well in Japan last week, the same wasn’t true for the base PlayStation 5 and PlayStation 5 Pro, which only sold 558 and 840 units, respectively. This placed them well below every other Switch device, including the Switch OLED Model at 7,468 units, the Switch Lite model at 4,807 units, and the original Switch at 4,067 units.
On the bright side, at least Sony isn’t doing as badly as Microsoft (MSFT) in Japan. The Xbox Series X only sold 525 units, the Xbox Series X Digital Edition sold 278 units, and the Xbox Series S sold 129 units. Granted, Xbox has never performed as well as PlayStation or Nintendo in Japan, but the latest sales show just how far behind the U.S.-based video game company has fallen in the country.
Sony, Nintendo, and Microsoft Stock Movements Today
The latest video game console sales data out of Japan hasn’t helped any of the big three gaming stocks today.
- Sony stock was down 2.05%, extending an 18.05% year-to-date fall.
- Nintendo stock dropped 1.09%, continuing a 19.67% year-to-date decline.
- Microsoft stock slipped 0.21%, building on a 23.04% year-to-date decrease.
SONY vs. NTDOF vs. MSFT: Which Video Game Stock Do Analysts Prefer?
Turning to the TipRanks stock comparison tool, traders can see which of these video game stocks analysts prefer. Microsoft has the best analysts’ consensus rating at Strong Buy, while Sony and Nintendo both have Moderate Buy ratings. MSFT also offers the highest upside potential at 56.27%, compared to 54.57% for NTDOF, and 33.43% for SONY.
