Sony (SNE) has announced that it won’t be releasing its PlayStation 4 in China on Jan. 11.

According to GameSpot, Sony decided to delay releasing the PlayStation 4 in China for multiple reasons. One of the possible reasons behind the delay is ongoing negotiations with officials in the country.
Plans to release the PlayStation 4 in China were announced after the country lifted its ban on foreign game consoles. Microsoft (
MSFT) took advantage of the lifted ban and released its Xbox One in the country on September 29, 2014, reports GameSpot.
If the PlayStation 4 would have been released in China on Jan. 11, it would have cost $466. The release of the console would also have been accompanied by seven games, Neoseeker notes.
More From InvestorPlace