NEWS - Tuesday, May 14, 2002


Sony Cuts PlayStation 2 Price

TOKYO (AP) - Underlining its faith in the video-game business as an engine for growth, Sony Corp. slashed the price of the PlayStation 2 console in the United States Tuesday to $199, underpricing its biggest rival, Microsoft Corp.'s Xbox, by $100. The price cut was part of a business plan outlined Tuesday by the Tokyo electronics and entertainment giant. Sony's PlayStation 2, which has now sold more than 30 million worldwide, had been selling in the United States for $299, the same as the Xbox. Under a strategy for the fiscal year that began last month, Sony hopes to turn around its sluggish electronics sector by connecting more products with its game and entertainment businesses as people increasingly use gadgets as network-linking tools. Sony set up a new company called Network Application and Content Service Sector that will work as a bridge over its three ``core'' businesses -- electronics, games and entertainment. The new company will work on creating strategic links in services that bring the three areas together and come up with new services and products for what Sony envisions as the ``broadband network society'' -- homes filled with Sony gadgets such as TVs, mobile phones and personal computers that link not only with each other but also to the Internet. To pull it off, Sony is banking on its movies, encouraged by the refreshing box-office success of ``Spider-Man'' after years of putting out flops. The film has received positive reviews since it started showing earlier this month and is virtually assured of becoming one of the top-grossing movies ever. ``It's been 'Spider-Man' everywhere,'' chief executive Nobuyuki Idei said at a news conference at a Tokyo hotel. ``Our aim is to have Sony recognized as a company with three core sectors -- electronics, games and content.'' If all works out as Sony hopes, people will be using Vaio computers to link up gadgets to download music by Sony performers such as Jennifer Lopez, view previews for Sony films on Sony mobile phones and watching Sony Pictures DVDs on huge Sony ``home theater'' TVs. PlayStation 2 will be a key Net-linking machine as online games and other downloads become available later this year in Japan, Sony said. Sony has not said when such services for the PlayStation 2 will be available in the United States. Ken Kutaragi, president of Sony Computer Entertainment said PlayStation 2 controls 82 percent of the market, soundly beating its rivals, the Xbox and Nintendo's GameCube. Microsoft has said 1.5 million Xbox consoles have been sold and it plans to ship 3.5 million or 4 million by June. Microsoft recently lowered the price of the Xbox by about a third in Europe but has kept its price in Japan and the United States unchanged. Xbox sells for $270 in Japan. ``There are no plans now to lower the Xbox price. But as a strategy, lower prices are always a possibility,'' said Midori Takahashi, Microsoft spokeswoman in Tokyo. Nintendo, which makes the Mario and Pokemon games, also denied any plans to cut prices. ``No chance at all,'' said Yasuhiro Minagawa, Nintendo spokesman in Kyoto. Game Cube, which went on sale in the United States in November, sells for $199 and has sold about 4 million worldwide so far. Sony officials acknowledged the company went through hard times in the fiscal year that ended in March because of the global electronics slump. But the worst is over, they said, as Sony moves forward in a new stage in the broadband era developing over the next few years. At a time when other major Japanese electronics makers posted huge losses, Sony came out fairly unscathed, aided by its video-game and entertainment businesses. For fiscal 2001, Sony posted a net income of 15.3 billion yen ($119 million), down 9 percent from the previous year. NOTE: We're 100% sure Microsoft will NOT sit back and watch this happen! Stay Tuned!
Source: http://www.sony.com/

Site Statistics

Registered Members: 62,435
Forum Posts: 725,950
Xbox One Titles: 4,438
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,323
Member Reviews: 10,339
News Articles: 16,375
Screenshots: 36,625
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News





Hokko Life Coming to Consoles September 27th

Hokko Life Coming to Consoles September 27thHokko Life invites players to customise and cultivate their very own cosy community, with mini-games, friendly villagers, and an intricate design tool all coming together to create a charming environment for players to put their own stamp on.




See News Archives

Community Forum Activity

KeyWe Giveaway!
Post by Variation-XBA
0 Replies, 4837 Views

2021: XBA is still here
Post by shrew king
23 Replies, 39724 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 74733 Views

Xbox Series X or S
Post by Nato King
5 Replies, 87831 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 90757 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 100356 Views

Xbox one no signal
Post by debrartin
0 Replies, 98043 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 103250 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 76507 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 139209 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 99705 Views

Squad Up
Post by samslophead
0 Replies, 180272 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 131792 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 226232 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 127055 Views

© 2000-2022 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics