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PlayStation 4 And Xbox One Are Already Being Replaced? Upgrades For UltraHD/4k TVs

PlayStation 4 And Xbox One Are Already Being Replaced? Upgrades For UltraHD/4k TVs
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On June 10, Sony Corp (ADR) (NYSE: SNE) CEO Andrew House confirmed the successor to the company's widely popular PlayStation 4 in an interview with the Financial Times.

Following Sony’s announcement, Phil Spencer, chief executive of Xbox One, announced Microsoft Corporation (NASDAQ: MSFT)'s inheritor to the Xbox One at the E3 press conference in mid-June. Both consoles are expected to be sold in stores in 2017, or as early as late 2016 in Sony’s case.

Related Link: HTC Exec On Combatting Facebook And Sony: Exclusives Are "A Bad Idea For VR"

Business Insider’s Ben Gilbert reported on the earlier-than-expected successors to Sony’s PlayStation 4 and Microsoft’s Xbox One.

PlayStation 4 Neo

The PlayStation 4 (PS4) Neo is capable of powering 4k/Ultra HD gaming on special televisions such as SAMSUNG ELECTRONIC KRW5000 (OTC: SSNLF)’s curved UltraHD Television and will be able to run PlayStation 4 games alongside the current PS4, according to Gilbert. Expected to be sold in 2017, many gamers were surprised a newer edition was announced so early, as it took Sony over six years to replace the PlayStation 3 in late 2013.

Microsoft’s Scorpio Project

Project Scorpio “is capable of powering high end Virtual Reality headsets” like Facebook Inc (NASDAQ: FB)'s Oculus Rift and HTC’s Vive. Similar to the PS4 Neo, Scorpio was also planned to power 4K/Ultra HD televisions according to Gilbert.

4k/UltraHD Television Industry

The common push to 4k/UltraHD TV’s may provide a leg up to Samsung and Vizio which both companies are currently dominating the industry, according to Gilbert. The consoles are pointless without the special TVs as they do everything their predecessors did besides providing UltraHD compatibility.

At Time Of Writing...

  • Sony was up 3.14 percent on the day, trading at $27.94.
  • Microsoft was up 1.55 percent at $49.18.

Posted-In: Andrew House Ben GilbertNews Movers Tech Media Trading Ideas General Best of Benzinga


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