Sony expects to sell 3 million PS4 consoles by the end of the year

 Jack Tretton, president and chief executive officer of Sony’s U.S. computer entertainment division, estimates that 3 million PS4 consoles will be sold by the end of the year, and 5 million will be sold by March. He claims that Sony won’t have any issues with meeting demand for the console but the massive influx of players on Sony’s network may prove troublesome. 

Sony Corp. (6758), poised to release the PlayStation 4 game console this week, is confident it can meet analysts’ sales estimates of 3 million units by year-end, exploiting an early advantage over Microsoft Corp. (MSFT)’s Xbox One.