CNN/Money 
News > Technology
graphic
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.

YOUR E-MAIL ALERTS
Electronic Arts
Nintendo Company Limited
Sony
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




  More on TECHNOLOGY
Honda teams up with GM on self-driving cars
The internet industry is suing California over its net neutrality law
Bumble to expand to India with the help of actress Priyanka Chopra
  TODAY'S TOP STORIES
7 things to know before the bell
SoftBank and Toyota want driverless cars to change the world
Aston Martin falls 5% in its London IPO




graphic graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.