Why PlayStation 4 Will Dominate the Next Generation

Between Nintendo's (OTC:
NTDOY
) Wii U, Valve's Steam Box, Microsoft's (NASDAQ:
MSFT
) mysterious console and Sony's (NYSE:
SNE
) PlayStation 4, the game industry is about to get very crowded. More than
240 million individuals
Forbes
, Jack Tretton, President and CEO of Sony Computer Entertainment America, explained why. "If you wanna have an event to talk about multimedia capabilities, we'll proudly stand up and list all the media partners that we have, and the fact that we're the number one most used Netflix (NASDAQ:
NFLX
least successful console
, PlayStation 3, sold
more than 70 million units
. These sales occurred at a time when its chief competitors, Microsoft and Nintendo, were at the top of their games. Now Nintendo is
struggling
to sell the
ailing Wii U console
. It is unclear what direction Microsoft will take with the Xbox 720, but even if it mirrors Sony's strategy, PlayStation 4 will still have the advantage. Unlike Xbox 360, which has become the living room's most important
multimedia
device, PlayStation is all about the games. And just as Tretton wisely pointed out, "multimedia" seekers do not stay up until 4:00 in the morning to watch a press conference online. On the other hand, gamers will happily stay up all night to see a new console. They will also be the first group of consumers to wait in line for PlayStation 4 this fall.
Follow me @LouisBedigianBZ
Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.