Posted Jun. 11, 2013 at 5:54 a.m.

Premium Lock Game on! Sony undercuts Microsoft with new, lower-priced PlayStation

Published: 2013-06-11 05:54:21
Updated: 2013-06-11 05:54:21

The new PlayStation 4 Andrew House, president and group chief executive officer of Sony Computer Entertainment Inc., presents the company's PlayStation 4 console during the Sony Corp. E3 media event in Los Angeles, California, U.S., on Monday, June 10, 2013. Sony Corp. took the wraps off the PlayStation 4, its first new console in seven years, promising original content and fresh titles will revitalize demand and spark a comeback for the video-game industry it once dominated. Photographer: Patrick T. Fallon/Bloomberg *** Local Caption *** Andrew House

The PS4 will cost $399 in the U.S., 20 percent less than Microsoft's Xbox One, Sony executives said at the Electronic Entertainment Expo in Los Angeles. The machine, with sharp edges and blue highlights, allows unlimited used-game sales and doesn't require an Internet connection, a contrast to two unpopular Microsoft features....

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