We all know that new technology can have a huge impact on our lives. Think about what our lives were like before and after the VCR, home computers, e-mail, and the internet. Now new gaming consoles are about to hit the market, and two rival companies, Sony and Microsoft, are about to do battle for your Xmas dollar.
Sony's PlayStation 4 is likely to debut later this year at sub-$400 price point. According to Sterne Agee analyst Arvind Bhatia, the Japanese-based company has been "negatively impacted" from launching the PlayStation 3 at an extremely high price of $600.
The gaming world may be eagerly awaiting the arrival of Sony's Playstation 4 and Microsoft's Xbox 720 (Next), although neither will be able to match the raw horsepower of cutting-edge rigs when it comes to running Crysis 3 and up.
Recent reports indicate that the launch of Microsoft's next-gen Xbox 720 may be delayed due to chip shortages.