HKEX’s Permissive IPO Rules Could Open Opportunities for Korea to Strengthen Its Position in International Listings 
Ericsson Plans SEK 25 Billion Shareholder Returns as Margins Improve Despite Flat Network Market 
SoftBank Shares Surge as AI Optimism Lifts Asian Tech Stocks 
OpenAI Launches Stargate Community Plan to Offset Energy Costs and Support Local Power Infrastructure 
Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10% 
South Korea Seeks Favorable U.S. Tariff Terms on Memory Chip Imports 
Elon Musk Shares Bold Vision for AI, Robots, and Space at Davos 
Memory Chip Shortage Drives Higher Gadget Prices and Weakens Global Tech Demand 
ByteDance Finalizes Majority U.S.-Owned TikTok Joint Venture to Avert American Ban 
Microsoft Restores Microsoft 365 Services After Widespread Outage 
Nvidia CEO Jensen Huang Plans China Visit Amid AI Chip Market Uncertainty 
Intel Stock Slides Despite Earnings Beat as Weak Q1 Outlook Raises Concerns 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
U.S. Lawmakers Demand Scrutiny of TikTok-ByteDance Deal Amid National Security Concerns 
Samsung Set to Begin HBM4 Production for Nvidia and AMD 
While it’s undeniable that the video game industry’s attention has been firmly snatched by the Nintendo Switch, it’s worth noting that there are other consoles in the market. In the case of the Sony PlayStation, the company recently revealed their plans for the game box. Sony also expressed confidence in the console despite the challenges that the Switch and the upcoming Xbox Scorpio pose.
Company executives recently had an interview with Time, where they talked about the current state of the PS4 and what the public can expect from Sony next. Shawn Layden, the company’s video game development head, and Jim Ryan, the global sales chief did their best to paint a clear picture for the fans.
Layden noted how the company’s sales have been riding high ever since Fall of last year when Sony decided to unveil three major products so close to one another; the PS4 Pro, PS4 VR, and PS4 Slim. With regards to the company’s venture into the world of virtual reality, Layden was particularly adamant in saying that Sony was serious about the market’s potential.
"We don't see it as a fad, it's a brand new medium, not only for gaming entertainment, but non-gaming entertainment," Layden said.
Considering that the company has sold more than one million units of the VR packages since launch, handily outperforming rivals, it seems Sony is actually onto something here. On that note, the brand’s upscale console version the PS4 Pro has also been selling quite well, which surprised even Sony.
"It is way ahead of our expectations," Ryan said. "As with PSVR, and I suppose in forecasting these things we haven't done a very good job, the product is in desperately short supply. So that's one-in-five under severe constraint."
As Polygon notes, the PlayStation lineup is selling quite healthily and a lot of this is thanks to its amazing selection of games. Considering what Sony reportedly has lined up to reveal during E3, interest on the console is bound to jump even higher.
