Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

News > Technology
EA: Sony's PSP due late this year
'Walkman of the 21st century' may also cost less than expected
January 27, 2004: 6:09 PM EST
By Chris Morris, CNN/Money staff writer

NEW YORK (CNN/Money) – The CEO of gaming publisher Electronic Arts predicted Sony's new portable gaming system will launch globally before the end of the year and will cost less than many have speculated.

Speaking in a conference call with analysts, Larry Probst said EA expects Sony to ship the PSP in November or December at a price somewhere between $199 and $249. That's significantly lower than the $300-$400 price point that many in the industry have whispered. Software for the system, he said, will likely cost in the $40 range.

Electronic Arts
Nintendo Company Limited
Video Games

Probst further said the company was expecting Sony to ship 3 million PSPs initially, with 1 million units going to North America, Europe and Japan. All numbers were EA (ERTS: Research, Estimates) estimates, he added, and were not given to the company by Sony. EA and Sony, however, have a very close relationship, which adds weight to the estimates.

Nintendo's Game Boy has long been the king of the hill of handheld gaming, but Sony's entry, announced last May, has set the stage for a showdown. Sony (SNE: Research, Estimates) CEO Ken Kutaragi describes the PSP as the "Walkman for the 21st century". In addition to playing games, it is expected to also play music and video files.  Top of page

The Star Wars' 'Porg Invasion' Facebook game is here and adorable
Net neutrality repeal: Now what?
Twitter is soaring as takeover talk resurfaces
What's in the GOP's final tax plan
Will Obamacare survive the tax bill?
Teachers can keep deduction for classroom supplies

graphic graphic