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Sony was next, teasing plans for its upcoming PlayStation 4 — without showing the actual box — at a February event in New York. The reaction to that console, which featured richer graphics and more social features, was mixed.

Microsoft didn’t waste any time showing off the Xbox One console, new Kinect sensor and Xbox controller at the beginning of Tuesday’s presentation.

Microsoft’s stock fell 5 cents to $35.03 in early afternoon trading Tuesday.