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TMCNet:  Sony holds PlayStation event in NY, ahead of Xbox

[February 20, 2013]

Sony holds PlayStation event in NY, ahead of Xbox

(Associated Press Via Acquire Media NewsEdge) NEW YORK -- Sony is expected to unveil its next-generation gaming system, the PlayStation 4, at a New York event Wednesday evening.

The development would give the struggling Japanese electronics company a head start over Microsoft and an Xbox 360 successor.

The PlayStation 4 would be Sony Corp.'s first major game console since the PlayStation 3 went on sale in 2006. Microsoft Corp. is expected to unveil the next Xbox in June at the E3 video game expo in Los Angeles. Last fall, Nintendo started selling the Wii U, though it plays catch-up in some respects in bringing the ability to play high-definition games.


Although the Xbox 360 came out a year before PlayStation 3, Microsoft's game machine has been more popular, largely because of its robust online service, Xbox Live, which allows people to play games with others online. The original Wii has sold more units since its launch than both its rivals, but it lost momentum as the novelty of its motion controller faded. Sales of the new Wii U have been slow.

Underscoring the importance of a new PlayStation and the U.S. market, Sony is holding its announcement event in New York rather than in Japan, as it had in the past. The event is at the Hammerstein Ballroom in midtown Manhattan.

Here's a running account of the PlayStation event, presented in reverse chronological order. All times are EST.

___ 6 p.m.

The PlayStation event begins with a laser and video show at the storied Hammerstein Ballroom in midtown Manhattan. In attendance are analysts and journalists representing news organizations around the world.

(c) 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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