Sony to launch PlayStation 4 in US on Nov. 15
The company plans to debut the new gaming console in 32 countries this year.
The PlayStation 4 (pictured) will debut in 32 countries this year, Sony said, and is expected to become available in Europe on Nov. 29. In the U.S., the system will cost $399 -- $100 less than the Xbox One from Microsoft (MSFT). (Microsoft owns and publishes moneyNOW, an MSN Money site.)
Microsoft is also readying for a November launch for the Xbox One. The two companies have released lists of high-profile game titles that will accompany their console's debut.
If you're going to buy a $400 to $500 video game system this holiday, you're likely only going to buy one. And Sony and Microsoft are already locked in fierce competition to gain an advantage with early adopters.
Both companies face challenges. For many households, their current gaming systems are just fine. Sony has sold more than 70 million PlayStation 3 units since releasing the console in 2006, while Microsoft has sold more than 78 million Xbox 360 units since its introduction in 2005, The Wall Street Journal reports.
The two companies also have a powerful rival in Nintendo (NTDOY), which began selling its Wii U console last November. But those sales have been tepid since the launch. Nintendo has sold about 3.61 million units so far, and over the last three months sold just 160,000, Sky News reports.
All of the game makers must contend with a wide variety of game options available on phones and tablets, such as the new "Plants vs. Zombies 2" or the hugely popular "Candy Crush Saga."
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