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Sony's Playstation 4 sells a million units in one day

Kerboom! That's the sound of Sony making a decent-sized dent in the console gaming market. According to company representatives, Sony sold more than one million units of the PlayStation 4 within the first 24 hours of the console's life. For those not keeping track, that's roughly Friday through Saturday.

And that's just within North America and the 31 other countries that let loose a ton of PlayStations for sale on Friday. Next up on the PlayStation 4's calendar is its launch date for Latin America, Australia, and Europe on 29 November, followed by a (much) later launch in Japan on 22 February next year.

An excited executive, Sony Computer Entertainment president Shuhei Yoshida, delivered the sales news via a Twitter post early Sunday morning.

"PS4 has sold through over 1 million units within 24 hours of the launch in North America!!! :D," he wrote.

Sony has predicted that it'll push out a total of five million PlayStation consoles by March of next year. If true, that'll beat sales of the PlayStation 3 in a similar time frame by approximately 1.5 million.

And the PlayStation's success should certainly help contribute to a bit of a turnaround in the console video game market as a whole, which has felt as if it's been on a bit of a pause prior to the big console launches from Sony and Microsoft this month.

As reported by the Wall Street Journal, market research firm PwC is predicting a 4.2 per cent increase in worldwide game sales this year – from last year's $24.93 billion (£15.45 billion) to $25.98 billion (£16.1 billion). That higher figure should then jump 6.4 per cent in 2014 to a final total of $27.62 billion (£17.1 billion).

New consoles, as one might expect, help the sales cycle. Or at least, they have in the past – back in 2007, one to two years after the big launches of the Xbox 360, Nintendo Wii, and Sony PlayStation 3, console video game sales jumped up 28 per cent. PwC believes that the next few years won't see quite as big of a spike, but growth nevertheless, assuming that both Microsoft and Sony can keep interest (and sales) at the same levels (or higher) compared to previous console launches.

Of course, some of the one million new owners of Sony's latest console have been a bit unlucky. Check out our previous reporting on some of the issues new PS4 owners have been having.