Late this summer, Sony will release its brainchild product dubbed PlayStation2. This is a follow up to its predecessor PlayStation1. If you are familiar with the video game entertainment market, its usual that a company releases a new console every 4 to 5 years.
The Playstation2 is expected to revolutionize the video gaming industry in ways never imagined before. Who would have thought we would be able to watch DVD’s on our video game player? Soon this summer we will be able to. How about connecting to the net and going online to play a buddy or just any competitor in California? Feel like downloading some mp3’s? The new PlayStation2 will let you do all these things and more.
PlayStation2 will offer a variety of different ways of using their machine. Not only can you play revolutionizing games, but you can shop through your computer. Sony will offer in 2001 a connection to the Internet in which you can just surf the web. As I have mentioned, Sony has formatted the PlayStation2 to able to play DVD videos along with its games. One of the greatest things about the PlayStation2 is that you can play all your old Playstation1 games on it! Finally! After years and years of this backwards compatibility being in the dark, it is now possible with the PlayStation2. Not only your old games, but even your old controllers, memory cards and wires are going to be fully compatible with the system.
The PlayStation2 is expected to beat out its predecessor in every way including the books. Playstation1 accounted for 40% of all of Sony’s profits in 1998. As of the first weekend of sales in Japan, Playstation2 had sold 980,000 units. All in one weekend! The lone fairly new competition that will be on the market before Playstation2 is the Sega Dreamcast. This was released in 1999 and has sold 4 million units since its release. Figure 4 million units in 52-weeks and then look at PlayStation2’s numbers in Japan on one weekend.
Playstation2 will be extremely succesful because of it almost cult like following. In a recent study, a conclusion was made that 1 in four homes have a Playstation. That is close to 25 million units sold in the US alone. This all adds up to the 70 million units total sold in the world. And now the product is just more sellable with the DVD, Internet, and backwards compatibility available.