New PlayStation hits market as console battle with Xbox begins

  • 📰 cebudailynews
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 71%

United States News News

United States United States Latest News,United States United States Headlines

TOKYO, Japan – Sony’s PlayStation 5 hit the shelves on Thursday, November 12, 2020, just two days after rival Microsoft released its newest Xbox, with the next-generation consoles vying for

With pre-orders pointing to a record launch, market leader Sony is counting on big-ticket exclusive games like “Spider-Man: Miles Morales” to keep the edge over its US challenger.

In Sydney, just a handful of customers were collecting their pre-ordered consoles on Thursday morning. Just how long that boom will last remains unclear, with news this week of progress on a virus vaccine prompting a gaming sector sell-off on stock markets, as investors anticipated a return to normal life.For Sony, the stakes with its new console are significantly higher than for Microsoft, as gaming generates the lion’s share of the Japanese firm’s profits and about a third of its sales.

“You’re talking about a relatively small market in Japan… driving Sony to centralise the PlayStation business in one area, and that area is the United States,” he told AFP.“I think that the PlayStation 4 was so successful that Sony has cultivated a much bigger fan base for PlayStation content,” he said.That is more than the $300 price tag for Microsoft’s less powerful Xbox Series S, which also has no disk reader.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US

United States United States Latest News, United States United States Headlines