Tuesday, March 14, 2006

Playstation 3 Delayed

While PS3 is delayed...I'm sure PS4 is in the works.

TOKYO (Reuters) - Sony Corp. will delay the release of its new PlayStation 3 video game console until early November because development of some of the technology is behind schedule, Japanese newspapers said on Wednesday. The Nihon Keizai said consumer electronics makers and movie companies have been unable to reach an agreement on the development of the copy protection technology for the console's Blu-ray Disc drive.

Sony said it would hold a briefing on its PlayStation video game business at 3 p.m. on Wednesday, but declined to give details. Sony shares fell 1.3 percent in early trade to 5,500 yen after the reports.

The PS3 launch has been the subject of heavy speculation in the industry as expectations are high for the powerful machine, which will feature cutting-edge technology in its DVD player, processors and graphics. The console is expected to enable users to play games and movies as well as to download and view high-quality videos from the Internet.

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