Electronic Arts' CFO Blake Jorgensen believes Microsoft's Xbox One is quickly closing the gap on Sony's platform, helped by its recent price reduction.
Speaking at the UBS Global Technology Conference this week, EA Chief Financial Officer Blake Jorgensed said "Clearly Sony has jumped out to a lead with a great console and I think a great pricing strategy, [but] Microsoft is catching up quickly.
"Pricing actions that are taking place, particularly during this Christmas season, driven by Microsoft, around reduction plus a lot of bundled software, I think will continue to pull the consumer into the new consoles," he added.
Microsoft has recently cut Xbox One's price with $50 prior to the Christmas holiday season. While the sales figures continue to be on the rise, it's believed aSony still has a significant lead over Microsoft, with over 13.5 million units sold to retailers as of September 30. Ten million of those had already arrived to consumers by August 12, Sony has detailed.
Meanwhile, Microsoft has just claimed, mid-November, that the sales were approaching 10 million consoles to retail.
Yusuf Mehdi, Microsoft's corporate vice-president of devices and studios. said at the time, that the Xbox One Sales received a massive leap with the new price-point going into effect on November 2.
Returning to Jorgensen, he believes that after the Christmas season, the installed base for next-gen platforms will be "north of 25 million" units.
PlayStation 4 has reportedly outsold Xbox One in each of the first ten months of 2014. The price-cut provides a chance for the platform to finally catch-up with Sony's console.