Sony unveils new PSX game machine

The Japanese electronics and entertainment giant said the PSX is a “crossover” between game machines and consumer electronics devices that works more like the PlayStation 2 in using a game controller to quickly search and select functions.

The PSX, which has a hard drive that can store data, goes on sale in Japan this year and is planned for introduction in the United States and Europe early next year, Sony executive deputy president Ken Kutaragi said. He refused to give a price.

“We want an extreme product to represent a new platform out of Sony,” he told reporters.

The unveiling of the PSX was the highlight of a presentation by Sony executives outlining a new strategy to calm investor jitters after the company last month reported a worse-than-expected loss of 111 billion yen ($945 million) for the January-March quarter.

That sent Sony’s shares sharply lower in what the Japanese media dubbed “the Sony shock.”

“The Sony shock was a shock for us, too,” said chief executive Nobuyuki Idei. “We want to change the shock into something positive.”

Sony has repeatedly promised to generate profits through futuristic gadgets that download entertainment for the network-linked home, allowing Sony to exploit both its electronics and entertainment divisions. It said the PSX was part of that vision.

Sony has music and movie units, as well as a video-game business. The PlayStation 2 is the No. 1 video-game machine, with 52.5 million sold worldwide. Sony has recently announced it will start selling a portable PlayStation 2 called PSP next year.

Idei said Sony needs to achieve profits not only through cost cuts but also through growth. Sony will invest 500 billion yen ($4.3 billion) in computer chips through fiscal 2005 to maintain its competitive edge, it said.

Hitoshi Kuriyama, analyst at Merrill Lynch in Tokyo, said Sony’s problems underline the tough times for all Japanese electronics makers in the face of competition from China, where labor is cheaper.

“Sony needs a hit product, but one hit product isn’t going to be enough given its size,” he said.

Sony has cut costs in the last three years, reducing plants to 52 from 70, and cutting 29,000 jobs, or 19 percent of its global work force. Sony said more cost cuts may be in the works.

Through fiscal 2005, Sony will spend 280 billion yen ($2.4 billion) on cost-cutting measures that will save the company 170 billion yen ($1.4 billion) a year, Sony said.

Sony will also start producing next-generation liquid crystal displays because of the lucrative flat-panel TV market. Sony now uses liquid crystal displays made by other companies.

Idei also said Sony is dropping talks to sell its life insurance unit. Sony had been in talks with Dutch insurance group Aegon NV.

The global electronics industry is changing so rapidly Sony must be extremely nimble to keep up, Idei said.

“It’s not just a problem for Sony,” he said. “It’s a problem for Japan as a whole.”

Pictures and discussions can be found in our message boards.

Source: Reuters


Rekindled yet again, Nokia’s next-gen phones offer more than just nostalgia

HMD Global, a startup that designs and builds Nokia Android smartphones, wants to put the Nokia brand name back “where it belongs.” It helps that it’s made up of ex-Nokia employees. We go behind the scenes to see how HMD formed.
Home Theater

The best movies on Netflix in December, from 'Buster Scruggs’ to 'Roma'

Save yourself from hours wasted scrolling through Netflix's massive library by checking out our picks for the streamer's best movies available right now, whether you're into explosive action, witty humor, or anything else.
Movies & TV

The best shows on Netflix, from 'Haunting of Hill House’ to ‘Norsemen’

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.

If we get a Nintendo 64 Classic, it needs to have these games

The Nintendo 64 introduced a long list of top-tier games, but which were the iconic platform's best? From Mario Party to Ocarina of Time to NFL Blitz, check out our picks for the best N64 games.

Pinning websites to your taskbar is as easy as following these quick steps

Would you like to know how to pin a website to the taskbar in Windows 10 in order to use browser links like apps? Whichever browser you're using, it's easier than you might think. Here's how to get it done.

Stop your PC's vow of silence with these tips on how to fix audio problems

Sound problems got you down? Don't worry, with a few tweaks and tricks we'll get your sound card functioning as it should, and you listening to your favorite tunes and in-game audio in no time.

Chip off the auction block – Intel’s i9-9990XE may be sold to the highest bidder

Intel's alleged Core i9-9990XE may only be sold at auction to OEMs, meaning that only a few of the 14-core, 28-thread, 5GHz CPUs will ever see the light of day in specific devices and systems.

Yes, Android apps can run on your PC, and it's easier than you think

Wish you knew how to run Android apps in Windows? It's easier than you might think and there are a number of different ways to do it. In this guide, we break down the steps so you can follow along with ease.

Don't spend hundreds on Pro Tools or Logic. Try one of these free alternatives

Believe it or not, Pro Tools isn't the only digital audio workstation worth your time. Check out our picks for the best free recording software, whether you're looking for a lightweight app or a full-blown audio workstation.

How to share an external hard drive between Mac and Windows

Compatibility issues between Microsoft Windows and Apple MacOS may have diminished sharply over the years, but that doesn't mean they've completely disappeared. Here's how to make an external drive work between both operating systems.

Should you buy the affordable MacBook Air, or is the MacBook Pro worth the price?

Though they both share Retina Displays and similar keyboards, there are still some specs differences and other changes that differentiate the new 2018 MacBook Air and MacBook Pro. In this guide, we stack the two up against each other.

Mobile World Congress (MWC) 2019: Complete Coverage

There's no bigger show for mobile tech geeks than Mobile World Congress in Barcelona, Spain: where flagship phones are born and intriguing new wearables shine. And this year, where foldable phones and 5G are likely to dominate the news. For…

Google is giving its G Suite web apps new touches of visual improvements

Your G Suite applications will soon have a different look. Several of the web apps are getting updated with subtle visual improvements inspired by Google's Material Design guidelines. 
Emerging Tech

CES 2019 recap: All the trends, products, and gadgets you missed

CES 2019 didn’t just give us a taste of the future, it offered a five-course meal. From 8K and Micro LED televisions to smart toilets, the show delivered with all the amazing gadgetry you could ask for. Here’s a look at all the big…