Sony May Be Ready to Unveil PS4

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By Douglas A. McIntyre Updated Published
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Sony Corp. (NYSE: SNE), one of the most battered large companies in the world, may launch the next in the line of its PlayStation models — the PS4.

Sony has been hurt by the drop in TV prices and digital cameras. It also has inflicted wounds on itself as it has tried to compete with Samsung and Apple Inc. (NASDAQ: AAPL) in the smartphone business. Revenue from its studio operations has been uneven. Even the PlayStation franchise has been undermined by competition from Microsoft Corp. (NASDAQ: MSFT) and Nintendo. And the sales of these traditional game consoles has been whittled by consumer preferences for online and mobile platform products.

According to the Telegraph:

Sony has not said whether the event, which is being held in New York on February 20, will see the launch of a new PlayStation console. A spokesman told Reuters: “We will be talking about the Playstation business.”

That has not stopped speculation that the PS4 is about to be announced. The Wall Street Journal reports that, according to unnamed sources, the new console will be announced this month and released before Christmas.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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