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07.12.2019 22:00:00

Sony Surrenders This Video Game Market to Nintendo

Sony (NYSE: SNE) was once a major player in handheld gaming consoles. Its first handheld, the PSP (PlayStation Portable), sold 81 million units between 2004 and 2014. But its successor, the PS Vita, only sold 16 million units between its launch in late 2011 and its discontinuation earlier this year.The PS Vita failed due to a lack of compelling titles, weak marketing efforts, its use of pricey proprietary memory cards, and tough competition from Nintendo's (OTC: NTDOY) 3DS, which used weaker hardware but dazzled gamers with its dual screens and stereoscopic 3D effects.Image source: Sony.Continue reading
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