Today, Microsoft Corp announced that it has sold over 2 million Xbox One units since its Nov. 22 release.

According to Microsoft, the Xbox One is selling an average of over 111,111 units a day, and gamers have spent over 83 million hours enjoying the video game console.

"We continue to be humbled and overwhelmed by the positive response from our fans. We are thrilled to see sales of Xbox One on a record-setting pace, with over 2 million Xbox One consoles in homes around the world," Yusuf Mehdi, corporate vice president of strategy and marketing, Xbox, said. "Demand is exceeding supply in our 13 launch markets, and Xbox One is sold out at most retailers."

Retailers agree that the Xbox One is going fast this holiday season.

Bob Puzon, GameStop senior vice president of Merchandising, announced: "GameStop is experiencing high demand from our customers for this innovative console, and we are working closely with Microsoft to receive more units to fulfill our customers' holiday shopping lists."

"At peak demand, customers were ordering the Xbox One console at over 1000 units per minute on Amazon.com," John Love, director of video games at Amazon, said.

"Xbox One ... was a top seller this Black Friday," Chris Nagelson, vice president of entertainment for Walmart U.S., said. "We are refreshing our inventory as fast as we can to ensure customers can give and receive the new console for Christmas."

The latest sales update means that the Xbox One is head-to-head with Sony's PlayStation 4 in the console war. As of Dec. 3, the PS4 had sold over 2.1 million units worldwide since its Nov. 15 launch. These comparable numbers means that the Xbox One may be more of a competitor than Michael Pachter, Wedbush Securities analyst, earlier predicted.

According to Pachter, the Xbox One will lose the console war unless it makes its price comparable to the PS4. The Xbox One starts at $499, and the PS4 starts at $399.

"The reason Sony beats Microsoft is solely the price," Pachter said. "Microsoft loses the next generation unless they cut price. If Microsoft drops its price to $399, I expect the sales to be equal to the PS4."

Reuters reports that Xbox One took 18 days to pass the 2 million mark, while the PS4 took 15 days.

Related