Marketplace®
Every story is an economic story

The night Sony didn’t pull a new PlayStation out of its hat

Sony announced that a new PlayStation game console is on the way, but not for months.

How many movies do you see in the theater a year? Two per month, maybe? At that rate, that’s 75 hours you’re spending in the theater each year, if every movie lasts three hours.

But stats show that Americans on average spend a lot more time — 142 hours a year — playing video games. That’s why Sony’s PS4 announcement last night is a big deal, even though company didn’t necessarily unveil its new gaming console.

“The biggest surprise of last night was the fact that there wasn’t even a console in the house,” says CNET’s Jeff Bakalar, who covered the event in New York.

Though they lacked hardware, Bakalar says Sony did promote new console features, such as social gaming and Internet connectivity.

To hear more about Sony’s PlayStation plans, click on the audio player above.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    7 hours ago
    25:22
  • Marketplace Morning Report
    15 hours ago
    7:09
  • Million Bazillion
    20 hours ago
    30:57
  • Marketplace Tech
    20 hours ago
    12:45
  • This Is Uncomfortable
    6 days ago
    28:44
  • Make Me Smart
    4 months ago
    24:33