Sony Corp plans to delay the release of the PlayStation 4 gaming console in China, originally scheduled for tomorrow, due to “various factors,” the company said in a statement on Thursday.
Sony’s Computer Entertainment division said a new date had not yet been determined, but a company source in China said that prolonged negotiations with Chinese authorities were part of the reason for the delay.
The release would have marked PlayStation’s entry into China for the first time at a moment when loss-making Sony is leaning on its gaming business to partially offset weakness in its mobile division.
Beijing lifted a 14-year ban on foreign gaming consoles last year, paving the way for Sony’s rival Microsoft Corp to launch its newest-generation Xbox in China in September last year.
Despite being the world’s third-largest gaming market, where gaming revenue hit US$15 billion last year, analysts say China might be a tough market to crack for the console makers because strict censorship rules prevent the sale of many popular titles, which could make the consoles less attractive to gamers.
Sony and Microsoft also face stiff competition from PC and mobile games, which have dominated the Chinese market in their 14-year absence.
Sony said it is in the process of applying for licenses for 30 games. The company has sought to head off censorship concerns, saying it is working closely with the government.
Sony plans to price the PlayStation 4 in China at 2,899 yuan (US$467), slightly higher than in the US, where it sells for about US$400. The portable PlayStation Vita has been priced at 1,299 yuan.
The Xbox, which sells for 3,699 yuan, currently has 10 titles on sale in China, mainly censor-friendly sporting games such as Forza Motorsport 5.
FALLING BEHIND: Samsung shares have declined more than 20 percent this year, as the world’s largest chipmaker struggles in key markets and plays catch-up to rival SK Hynix Samsung Electronics Co is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce its global headcount by thousands of jobs, sources familiar with the situation said. The layoffs could affect about 10 percent of its workforces in those markets, although the numbers for each subsidiary might vary, said one of the sources, who asked not to be named because the matter is private. Job cuts are planned for other overseas subsidiaries and could reach 10 percent in certain markets, the source said. The South Korean company has about 147,000 in staff overseas, more than half
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
An Indian factory producing iPhone components resumed work yesterday after a fire that halted production — the third blaze to disrupt Apple Inc’s local supply chain since the start of last year. Local industrial behemoth Tata Group’s plant in Tamil Nadu, which was shut down by the unexplained fire on Saturday, is a key linchpin of Apple’s nascent supply chain in the country. A spokesperson for subsidiary Tata Electronics Pvt yesterday said that the company would restart work in “many areas of the facility today.” “We’ve been working diligently since Saturday to support our team and to identify the cause of the fire,”
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales