Sony Shows Off Playstation 4 Controller

Sony has sold about 77 million PlayStation 3s since its launch in 2006, starting at $500 each. The new model is expected to be cheaper, and it should be available in time for the holidays. The company says the PlayStation 4 will focus on social networking features and cloud-based games.

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RENEE MONTAGNE, HOST:

Sony held an event yesterday that probably had a lot of kids saving up their allowance - maybe some adults too. The company gave the first official peek at the new PlayStation 4. Actually just the controller. That brings us to today's last word in business: social gaming.

STEVE INSKEEP, HOST:

A big, big business. Sony has sold about 77 million PlayStation 3's since the launch in 2006. They started at about $500 each. The PS 4 is expected to be cheaper, though we're not sure how much cheaper. It should be available in time for the holidays.

MONTAGNE: The company says its newest PlayStation model will focus on social networking features and cloud-based games. So you'll be able to download games off the Internet. You can post a replay of your game on social media.

INSKEEP: Oh, that's great. Finally, Renee, everyone can see how awesome we are at "Dance, Dance Revolution." Woo!

MONTAGNE: OK.

(LAUGHTER)

MONTAGNE: That's the business news on MORNING EDITION, from NPR News. I'm Renee Montagne.

INSKEEP: I'm Steve Inskeep.

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