Currently, the PlayStation 4 has the lead in the next-gen console war.
However, while Xbox boss Phil Spencer congratulates Sony on a successful launch, he adds that we're barely 10 percent of the way into this new generation. This is what Spencer said in a pre-E3 interview with GamesIndustry International :
"You look at what Sony has sold, and congratulations to them; they've had a great launch. Maybe we're 10 percent of the way into this generation, so we're early, early days in how this will all play out. I tip my hat to them. I think they'll likely have a great [E3], and they should; they're coming in with a lot of strength. But this is a long-term competitive space, which is good for consumers."
As it turns out, Sony did have a solid E3 show, but many would argue that both Microsoft and Nintendo did as well. Earlier this month, Microsoft removed Kinect from the standard Xbox One bundle, allowing them to lower the price by $100. Now, both the PS4 and Xbox One have a $399 price tag, so it'll be interesting to see how the competition progresses through the rest of 2014.
Elsewhere in the interview, Spencer confirmed that Kinect is here to stay, and although he thinks virtual reality initiatives like Oculus are cool, Microsoft doesn't currently have any plans to pursue such a venture.