PS4 Has Already Won The Console Wars, Claims Industry Insider

ps4-xbox-one-pre-orderThe next-gen console wars should really be between the Nintendo Wii U, the Sony PlayStation 4, and the Microsoft Xbox One, but the reality is that the war is really between both Sony and Microsoft at the moment. As it stands both consoles are doing particularly well, with Sony taking the lead in some markets, and Microsoft taking the lead in other markets, but which console will prevail? While it remains a bit too early to tell, since both consoles only launched a few months ago, one particular industry insider by the name of Ashan Rasheed believes that Sony has pretty much won the war and that the Xbox One will forever be behind it.

According to Rasheed, “Xbox One will be behind all generation, and not buy [sic] some small trivial margin. It will be enough to show up distinctly in exclusives.” He then followed up with another tweet which seemed to suggest that Microsoft did not design the Xbox One with the future in mind. “The PS4 has more left in the tank that will start showing up going forward. It was designed with more forward thinking hardware choices.” Of course there’s really no way of telling who will “win” the console wars as there are many factors to take into consideration, such as price, exclusives, and given that consoles these days can do more than just play games, social features could also be taken into consideration as well, but what do you guys think? Will Sony’s PS4 win the console wars this generation?

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    Sony’s Credit Rating Cut To “Junk” By Moody’s

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    Bond credit rating agency Moody’s cut the credit rating of Sony from Baa3 to Ba1 with a stable outlook — Ba1 is also just below investment grade. In other words, Sony is considered a speculative investment right now and it will become harder for the company to borrow money.

    Today’s downgrade comes from its volatile net profit. Despite many staff cuts, some divisions, such as its PC and TV activities, are still losing money or are barely in the black. Increased competition in these areas are to blame.

    “We expect the majority of its core consumer electronics businesses — such as TVs, mobile, digital cameras and personal computers — to continue to face significant downward earnings pressure,” Moody’s wrote in a statement.

    Yet, the PlayStation 4 was very well received by the company’s customers and reviewers — 4 million units were sold during the holidays. But newly launched consoles don’t generate a lot of profit because margins are very thin after launch. Though it’s still a very good sign for the long term outlook when it comes to selling games and consoles at a later stage in the product cycle.

    Finally, Sony currently has a solid lineup of cameras, but other companies could take the lead, or smartphones could bring down prices.

    Sony is also a major movie studio and music label. These divisions are apparently doing well, but it’s very tough to predict the future. The vast majority of the profit generated by a movie comes in the few months that follow its release in theaters. You have to start over every year and release hit after hit.

    Standard & Poor’s still rates Sony at BBB, two ranks above junk status, while the company is rated junk by Fitch. Shares are currently trading at 16.03, 4.13 percent below Friday’s closing price. With today’s downgrade, Moody’s also notes that the company shouldn’t expect any rating improvement in the near future.

    Final Fantasy XIV For PS4 Arriving This April 14th

    ff-xiv-ps4So you are a proud new owner of the Sony PS4, and would like to play an epic RPG on it? I suppose your quiet prayers whispered on the side have been answered with the official announcement of Final Fantasy XIV headed for the PS4 this coming April 14th. Final Fantasy XIV: A Realm Reborn will kick off its beta on February 22nd, with a full launch on the PS4 this coming April 14th as mentioned earlier. Apart from that, those who are flush with cash and want something which is a whole lot more memorable would be able to make do with the Collector’s Edition.

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    Final Fantasy XIV heads to PS4 in April

    Fans of the Final Fantasy franchise that have a PS4 have a new game in the franchise to look forward to in the next couple of months. Square Enix has … Continue reading

    EverQuest Next Confirmed For PS4

    everquest4Anyone who played EverQuest back in the day when it was one of the most popular Massively Multiplayer Role Playing Game (MMORPG) would certainly have known how to refer to it as “EverCrack” due to the highly addictive nature of the game. Having said that, the “monopoly” of EverQuest was broken with Blizzard’s World of Warcraft taking over for quite a while. It seems that there is some light at the end of the tunnel with confirmation that EverQuest Next will be headed for the Sony PS4, as confirmed by Sony Online Entertainment’s John Smedley. Apart from that, Smedley also did mention that PlanetSide 2 will be arriving in the first half of this year.

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    Tomb Raider: Definitive Edition Review

    We’re in an era of reboots in the greater gaming universe, that’s for certain, and games like Tomb Raider: Definitive Edition are taking the term as lightly as possible in … Continue reading

    Watch Dogs pre-order cancellation a simple error: no need to freak

    This morning a report was delivered about order cancellations for the game Watch Dogs, a title set to be delivered some time in early 2014. This game had been delayed … Continue reading

    PlayStation 4 UltraViolet video streaming arrives via Vudu

    Several different kinds of video streaming are available on the Sony PlayStation 4 right this minute, with a whopping 13 apps bringing content from various sources. What wasn’t immediately clear … Continue reading

    XboxIE and Sonyfied bring HTML5 games to Xbox One and PS4

    This month a couple of services have popped up for the Xbox One and PlayStation 4 – collections of games that can be played for free, crafted with HTML5 for … Continue reading

    PlayStation 4 Error CE-34878-0 Being Investigated By Sony

    PlayStation 4 Error CE 34878 0 Being Investigated By SonyYesterday we picked up on complaints from numerous PlayStation 4 owners who found that their saved game files were automatically being corrupted by Sony’s next generation console. Now this is something that can be very infuriating for gamers who have spent hours in a game progressing and locking down achievements and what not. Gamers have complained about lost progress and in some instances, even unplayable games. This mysterious error, PlayStation 4 error CE-34878-0, is being investigated by Sony. (more…)

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