Sony and Microsoft resume game console battle

Sony is hoping for blockbuster sales of its new PS5 games console and a leg-up in the battle for dominance with Microsoft, which will launch its Xbox Series X console in the late autumn.

Last week Sony released a preview of its new PS5 games console, due in shops before Christmas, says Matthew Field in The Daily Telegraph. Sony is hoping for“blockbuster” sales and a leg-up in the two decades-old battle for dominance with Microsoft, which will launch a competing machine in the late autumn, the Xbox Series X. This comes as lockdown has “super-charged” the gaming market, with reported sales of Sony’s PS4 console and Microsoft’s Xbox One more than trebling in the first half of the year.

Both companies’ new offerings seem highly advanced compared with the current generation, says Dan Gallagher in The Wall Street Journal. They boast faster processors, better graphics and more storage. Still, the ”harsh” global backdrop may persuade cash-strapped consumers to stick with “cheaper options” such as second-hand copies of current models. The fact that production in the games industry has been hit by the pandemic, with programmers forced to work from home, is also a worry as new games “are key to selling new consoles”.

A bigger concern is the shift towards streaming games on the internet, says Kosuke Shimizu and Ryosuke Arasawa in the Nikkei Asian Review. If 5G mobile technology spreads fast people “will be able to enjoy high-definition games on their smartphones or standard PCs”, rendering consoles redundant. So, it is no surprise that Sony will make the PS5 “backwards-compatible” with older games to minimise disruption for the 41.5 million users of its subscription service that allows them to play online with other gamers. 

Recommended

How much should you save for retirement?
Pensions

How much should you save for retirement?

The majority of people under-save for retirement, but how much do you need for a comfortable life after work and what should you pay into your pot?
8 Dec 2022
The investment trusts and funds to buy for 2023
Funds

The investment trusts and funds to buy for 2023

With 2023 rapidly approaching, Rupert Hargreaves looks at some of the top investment trusts and funds to buy for the new year, with the help of AJ Bel…
8 Dec 2022
Air fryer vs microwave – which is cheaper to run?
Personal finance

Air fryer vs microwave – which is cheaper to run?

We compare the costs of an air fryer vs a microwave to see which one is more cost effective.
8 Dec 2022
Is it time to buy Gilts?
Government bonds

Is it time to buy Gilts?

Gilts offer a higher yield than most savings accounts and could be an attractive alternative for those with a large lump sum to invest.
8 Dec 2022

Most Popular

Is it cheaper to leave the heating on low all day?
Personal finance

Is it cheaper to leave the heating on low all day?

The weather is getting colder and energy bills are rising, but is it really cheaper to leave the heating on low all day or should you only turn it on …
1 Dec 2022
Radiator vs electric heater – which is cheaper?
Personal finance

Radiator vs electric heater – which is cheaper?

We compare the costs, pros and cons of radiators and electric heaters and see which one will help keep your energy bill as low as possible.
28 Nov 2022
The pros and cons of smart meters – should you switch?
Personal finance

The pros and cons of smart meters – should you switch?

A smart meter can help you keep tabs on your energy usage, but is it better than a regular meter? We take a look at smart meters vs regular meters.
2 Dec 2022