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

Cyberpunk 2077: Poland’s Punk project punished
Tech stocks

Cyberpunk 2077: Poland’s Punk project punished

Polish software group CD Projekt’s much-hyped game Cyberpunk 2077 was expected to sell around 30 million copies at $60 each. But Sony pulled it from s…
23 Dec 2020
The market is looking bubbly – here's the best defence for investors right now
Investment strategy

The market is looking bubbly – here's the best defence for investors right now

We've been living through a stockmarket bubble built on low interest rates and tech monopolies. But the trend could be about to turn, says John Stepek…
14 Dec 2020
How to invest in the companies turning Big Data into big profits
Tech stocks

How to invest in the companies turning Big Data into big profits

Data has been described as the “new oil” for the internet era. With new gushers being located every day, how can investors cash in? Stephen Connolly g…
11 Dec 2020
The commodity-dependent slice of the economic pie is shrinking – here’s why
Commodities

The commodity-dependent slice of the economic pie is shrinking – here’s why

With the rise of the “intangible economy”, commodity companies’ share of the stockmarket’s capitalisation is at an all time low. Dominic Frisby explor…
2 Dec 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
The best investment trusts to buy for 2021
Investment trusts

The best investment trusts to buy for 2021

Sectors ranging from emerging markets to student accommodation look poised to do well this year, says David Stevenson, as he picks the best investment…
19 Jan 2021