PlayStation 5

Sony's gaming chief Jim Ryan in May outlined plans to radically broaden the games portfolio

Sony is struggling to build enough PlayStation 5 consoles amid a global shortage of semiconductors

PlayStation 5 which retails for $500 or $400 without a disk-drive, was sold out on major retailing sites in Japan

Sony has said it expects to sell 7.6 million PS5 consoles through end of March, beating sales performance of the PS4

Since the PS1 launched in 1994, gaming has become biggest segment of Sony's business

Sony’s next-generation PlayStation 5 console and Microsoft Xbox Series X are scheduled to be released in November 2020

Pricing announcement sets stage for a year-end showdown between Xbox and PlayStation

Sony will broadcast a 40-minute 'digital showcase' providing insight into release date and price of PlayStation 5

Multiple publishers are considering a price increase in PS5, Xbox Series X games

Video game sales hit their highest in over a decade

PlayStation 5 will be one of Sony's most powerful machines

Priced £100 more than its predecessor model the PlayStation 4

A major new feature of the updated console would be its immersive controller