To say that Sony (SNE) has a lot riding on the PlayStation 4 is a significant understatement. The company is finally seeing daylight after a decade of misery. Its recovery is being led by Kazuo Hira, who made his name at Sony by turning around the struggling PlayStation 3 console — which launched disastrously while costing Sony a loss of over $300 for each box, but has since gone on to sell 80 million units.
With a CEO who knows video game consoles, SNE watchers and video game fans have waited anxiously through 2013 as the PS4 was revealed, one glimpse at a time.
Sony has stuck with less exotic hardware this time around. As a result, the PlayStation4 launched at $100 less than the PS3 did seven years ago. And at $399, it also beats Microsoft’s (MSFT) next-gen entry — the Xbox One — by $100. It has solid developer support, recent data shows the PlayStation 4 is outselling the Xbox One almost 2-to-1 so far, and PS4 review feedback has been excellent.
Gamers like the console, video game developers like the console and if the first month of PlayStation 4 sales and PS4 review results are any indication, Sony has a hit on its hands.
If you have a gamer in the house and you’re stumped for a last minute holiday gift, the Playstation 4 looks like the one to beat when it comes to next-generation video game consoles.