Tag Archives: Sony

Sony is a Japanese conglomerate, which is primarily focused on the electronics, game, entertainment and financial services sectors.


Sony announces Classic White PS3 limited edition bundle for $299, coming to US on Jan 27

Sony has announced that it is launching the limited edition 500GB Classic White PS3 in North America on January 27 for $299.99. It’s the first time the console is releasing in a different colour apart from the existing black one.

The announcement which came via the PlayStation blog also stated that users will also get a one-year membership to PlayStation Plus that includes a dozen PS3 games with the Instant Game Collection. A one-year pass to Sony’s premium service separately sells for $50.

With PlayStation Plus, players will be able to access popular games like inFAMOUS 2 and LittleBigPlanet 2, along with movies, TV shows, music, photos and other downloadable content from the playStation Store. The one-year membership to PlayStation Plus will offer users exclusive access to a host of features including:

  • 6 Additional games to play on your PlayStation Vita system including Uncharted: Golden Abyss, Gravity Rush, WipeOut 2048 and more
  • Exclusive discounts of 10% – 75% on the PlayStation Store
  • 1 GB of online storage on both your PS3 and PS Vita for game saves
  • Exclusive and early access to select demos and game betas, including the God of War: Ascension Multiplayer Beta

Those who are already PlayStation Plus members can avail the opportunity to extend their membership by an additional one year with the purchase of this limited edition bundle.


In some more PlayStation news, online reports indicate that in a brief interview with Chilean website El Mercurio On-Line, Hiroshi Sakamoto, Vice president of Sony’s Home Entertainment division confirmed that the new PlayStation console will be heard about at E3 in June or “even earlier in May”.

That’s all he said. So we’re really keeping our fingers crossed on this one. This also means that Sony will be ahead of Microsoft this time in case it launches the console in May. Microsoft isn’t expected to reveal its console any sooner than E3.

Speaking of next-gen consoles, analyst Colin Sebastian recently gave his opinion with regards to pricing of these consoles. His findings suggest that they could be priced between $350-$400.

According to him, the next Xbox should expectedly arrive in November with the next Playstation to launch in October. But he also takes into account the fact that Sony’s PS4 may encounter early production issues, attributing this bit to his “field checks”.

Sony HQ

Sony selling NY headquarters building, will rent the space now

Sony HQSony has announced that it is selling its U.S. headquarters building, located at 550 Madison Avenue in New York City for $1.1 billion. A consortium led by NY-based The Chetrit Group will now own the building, although the offices of Sony and its subsidiaries will continue in the building for the next three years under a leaseback arrangement with the purchaser.

After all the settlements, the deal is expected to bring in net cash of about $770 million ($685 million would be recorded as operating income).

This move does not come as a surprise considering the Japanese manufacturer continues with its drive to cut costs and bring in extra cash.

“Sony is undertaking a range of initiatives to strengthen its financial foundation and business competitiveness and for future growth. At the same time, Sony is balancing cash inflows and outflows while working to improve its cash flow by carefully selecting investments, selling assets and strengthening control of working capital such as inventory. This sale is made as a part of such initiatives,” Sony noted in a press release.

Reuters add that Sony has also put one of its main buildings in central Tokyo up for sale and it could raise as much as 100 billion yen ($1.14 billion). Company also seems to be considering sale of its battery business.

Image Credit: David Shankbone