PlayStation and Xbox Consoles Enter an Epic Fight for $150 Billion Games Arena

first_imgThe two consoles, the first to be released by the two companies for seven years, are eagerly awaited; the Xbox will go on sale on Tuesday, and the PS5 two days later in core markets, costing about $300 (roughly Rs. 22,100) to $500 (roughly Rs. 36,900) apiece.The race to order the devices in advance actually began weeks ago, though blink and you might have missed it. Pre-orders of Sony’s PS5 sold out within minutes on many retail sites, for example, frustrating fans.Julian Mercado, 17, managed to reserve a PS5 from Walmart just minutes after pre-orders started on Sept. 16, knowing he’d be up against a legion of gamers.- Advertisement – The Japanese company’s deep bench of games and broader fan base, it has sold over 100 million PS4s, winning the battle of the previous generation, should see it retain its edge over it American archrival, according to industry experts.“People who own Xbox tend to buy the new Xbox, while people who own PlayStation tend to buy the new PlayStation,” said Wedbush Securities analyst Michael Pachter.Yet the industry is changing and cloud gaming is on the rise, allowing games to be streamed without bulky hardware. This could curb console sales in coming years, analysts say, a shift that could benefit Microsoft.- Advertisement – – Advertisement – Think Michelangelo vs Da Vinci. Muhammad Ali and Joe Frazier. Batman v Superman. Another epic rivalry is rejoined next week when Sony and Microsoft go head-to-head with the next generation of their blockbuster video-game consoles.Sony, whose PlayStation 5 (PS5) takes on Microsoft’s Xbox Series X and Series S, is widely viewed as being in pole position to capitalise on a pandemic-driven boom in consumer spending that has buoyed the $150 billion (roughly Rs. 1,100 crores) video game industry.- Advertisement – “It’s exactly like shopping on Black Friday,” said the high school student from Dallas, who has been playing video games with his dad since he was five. “You show up early, you walk away with something good. You show up too late, you’ll walk away with nothing.”Playing in a pandemicSony might have the edge, but the stakes are high for the Japanese company. Its gaming business is its biggest cash cow; in its fiscal 2019 the division, which includes hardware, software and services, brought in close to a quarter of its roughly $77 billion (roughly Rs. 568,700 crores) group sales and nearly 30 percent of its $7.9 billion (roughly Rs.58,300 crores) operating profit.Microsoft does not break out the results of gaming, though it’s a smaller part of its business than for Sony. It also does not disclose hardware sales but the current Xbox One is estimated by analysts to have sold 50 million units.For the other big hardware player, Japan’s Nintendo, sticking to consoles is paying off with it hiking forecasts last week following elevated demand for its Switch.The PS5 will retail at $499.99 (roughly Rs. 36,900) or $399.99 (roughly Rs. 29,500) for a digital-only version, while the Xbox Series X will sell for $499.99 (roughly Rs. 36,900) and the lower-spec Series S for $299.99 (roughly Rs. 22,100).About 5 million PS5s are forecast to be sold this year, versus 3.9 million of the new Xboxes, according to media research firm Ampere, with combined sales expected to be higher than the previous generation.“The pandemic is expected to transform the US holiday shopping season,” said Jason Benowitz, a senior portfolio manager at Roosevelt Investment Group. “Playing from home has become a way for some to safely socialise.”Sony’s games depth is supported by in-house studios behind exclusives such as Marvel’s Spider-Man: Miles Morales. By contrast the new Xbox, say games experts, will lack killer launch titles, with the latest in its flagship Halo series pushed back to next year as the pandemic hits development.Cloud gaming growth could hand the US software giant an advantage in coming years, though. Although both companies have moved to offer services, Microsoft has been more aggressive.Its Xbox Game Pass subscription service has grown rapidly; it offers more than 100 titles including brand-new games and has over 15 million users. Sony has been reluctant to make its hottest titles available on services like PlayStation Now, fearing this could cannibalise sales of big-budget games.‘Demand outstrips supply’The pandemic, while fuelling some demand, has also constrained Sony and Microsoft’s production, according to industry experts, who see shortages stretching into 2021.“Demand will outstrip supply so there’s going to be some people who won’t get a-hold of the console when they want to,” said Piers Harding-Rolls, director of Ampere’s games research.Sony has announced that retailers like Walmart, Best Buy and Target will sell the PS5 exclusively online when it launches on November 12, to prevent people from camping outside stores during a pandemic.Walmart stands to sell as much as $1.1 billion (roughly Rs. 8,100 crores) worth of new consoles by the end of January, according to Wedbush. It dominates the US market along with GameStop, each with a roughly 30 percent share, while sales of consoles at Target and Best Buy comprise about 15 percent apiece, the research firm said.Target said it was working closely with its vendors to secure enough inventory. Some shoppers who had reserved consoles told Reuters that Target had said they may receive them days after the launch date.Walmart said it would start selling the new consoles at launch but declined to comment on whether it would have enough stock to meet demand. Best Buy also declined to comment on whether it would be able to meet demand, while GameStop did not respond to requests for comment.For DeAnthony Thicklin, a casino attendant who reserved his PS5 on Target in September, the priority is to get their hands on a console on the launch day itself.The 25-year-old offered some advice.“Have all your card information set up so the only thing you have to do is click,” he said. “Don’t hesitate. Be quick.”© Thomson Reuters 2020Which is the best TV under Rs. 25,000? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.last_img read more

Ronaldo magic denies Spain in six-goal thriller

first_imgCR7 scores sensational free kick to complete hat-trickSochi, June 16: Cristiano Ronaldo scored a hat-trick as Portugal and Spain drew a thrilling World Cup Group B game 3-3 in Sochi.In the Friday night match, Ronaldo’s last goal was a spectacular free kick, just when it looked as if two goals from Diego Costa and a volley from Nacho Fernandez would give Spain a winning start to their World Cup campaign, just two days after Fernando Hierro replaced Julen Lopetegui as coach, Xinhua reported.Despite Ronaldo’s late goal the Spanish can take heart that the change of coach doesn’t appear to have had any negative effects on their play and both sides look much stronger than both Iran and Morocco, who played each other in Group B earlier in the day.New Spain coach Fernando Hierro decided to play Costa in attack, while Koke partnered Sergio Busquets in midfield and Nacho Fernandez was given the task of stopping his Real Madrid clubmate, Cristiano Ronaldo.Portugal meanwhile fielded an attacking line up with Ronaldo, Goncalo Guedes and Bernardo Silva in the starting 11.The game was only 4 minutes old when Ronaldo scored from the penalty spot after drawing a foul from Nacho, though TV replays implied it was the Portuguese striker who had looked for the contact.Spain began to dominate possession but failed to turn that into chances until the 23rd minute when Costa won a high ball, twisted and turned and then beat Rui Patricio with a low shot.A minute later Isco hit the bar from 25 yards and Spain were clearly on top, with their mobile midfield quintet causing Portugal problems with their pace and mobility as Iniesta shot just wide in the 35th minute.However, on the stroke of halftime a dreadful error from Spain keeper David de Gea allowed Ronaldo to put Portugal back in front with a left foot shot from outside of the penalty area, which the keeper should have easily saved.The second half began with a similar pattern to the first with Spain dominating possession and they were level 10 minutes after the break after Sergio Busquets nodded a Silva free kick across goal for Costa to score his second of the night from close range.Three minutes later Spain were ahead when Nacho’s volley from outside the area went in off the post and in the 69th minute Thiago Alcantara replaced Iniesta, moments before Costa fired wide from a low Jordi Alba cross as Spain continued to move the ball fluidly.Portugal substitute Ricardo Quaresma hit a shot over the Spain bar and a run from Ronaldo had De Gea struggling as he came off his line, but Spain looked as if they were going to hold on until Ronaldo produced a moment of magic with an 87th minute free kick which left De Gea rooted to the spot. IANSlast_img read more