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

Gambian President’s Land Gift to Nollywood Stars opposed by Local Film…

first_img“I am compelled to respond to a certain Prince Bubaccar. After reading his rather lengthy and winding attack on Nigerian and Ghanaian actors entitled “Nollywood Actors, Others Must Stop Scavenging On Our Meagre Gambian Resources”, published online last week, one would have allowed him to enjoy the satisfaction of pandering to his perverted sadistic frustrations, but then, that would be watching a monster go untamed at its infancy.” Responded Veteran Nollywood actor, Ejike AsiegbuNollywood practitioners have been involved in collaborative initiatives with the good people of the Gambia, geared towards growing the Gambian movie industry inspired by Nigerians and Gambian citizens. These collaborations began as far back as 2007, a move encouraged by President Jammeh.President Yahya Jammeh  allocated the plots of land to Nollywood stars who include Francis Duru, Segun Arinze, Monalisa Chinda, Patience Ozokwor, Eucharia Anunobi, Ejike Asiegbu,Tony Umez, Ngozi Ezeonu, Kanayo O. Kanayo, Chika Okpala (Zebrudaya), Harry B. Anyanwu, Chinedu Ikedieze,  Osita Iheme, Rukiat Masud and Ghanaian sultry actress, Jackie Appiah. Nollywood has welcomed the gesture by the Gambian President to award parcel of lands as gift to some of its stars; however there has been a lot of reactions in Nigeria and Gambia, one of which is an opposition by a local film maker.A Gambian film maker, Prince Bubacarr, has been bothered by the gift, calling the Nollywood and Ghollywood Actors scavengers according to an online report. The producer said the actors are out to milk the Gambian government dry. According to the producer, Gambia does not have the resources to be so generous with foreigners when many of its citizens are living in abject poverty and cannot benefit from the generosity as well.Nollywood is Nigeria’s film industry and Ghollywood is Ghana’s.During the awarding of the lands the President said that it was his belief in Pan Africanism, the value and heritage of Africa which Nollywood has played a big role in showcasing on the world stage that makes them worth the commendation and support. The president went further on to say in the speech read by the Vice President Dr. Isatou Njie Sandy representing the president, that Nollywood actors are Africa’s Ambassadors and that they are welcomed to build homes in Gambia and see themselves as Gambians.Bubacarr warned the actors from being fast in developing the lands, advising them to rethink and remember that the President is giving what belongs to the Gambian people which is scarce adding that the President will not remain in power forever.Nollywood actor, Ejike Asiegbulast_img read more