Gaming is a huge industry and brings in more revenue than Hollywood.
Gaming geeks have tirelessly debated over what the best console on the market is. For the serious gamer the contest always falls between the Xbox 360 and PS3.
The Xbox is currently in the lead in terms of sales.
However, Sony is fast catching up with Microsoft in the race for high-definition gaming dominance.
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Sony recently announced that it has sold over 50 million PlayStation 3 consoles across retail stores worldwide.
In January Microsoft announced that it had reached the 50 million sales mark for the Xbox 360. The Xbox 360 hit stores in November 2005 and the PS3 followed a year later.
Sony also declared that it has shipped more than 8 million PlayStation motion-sensor Move controllers.
"The PlayStation Move has been incredibly successful since its launch, and we're particularly impressed with the positive response we're seeing from both the casual and hardcore gaming audience," said Sony Computer Entertainment America president and CEO of Jack Tretton.
"The momentum behind PlayStation is accelerating, and with more than 8 million PlayStation Moves sold we know people are enjoying the most accurate motion gaming experience available today. Coupled with our stereoscopic 3D entertainment offering, PS3 continues to provide the most immersive gaming experience for consumers," he added.
