PlayStation
PlayStation

The electronic world has grown very fast over the years. The growth of technology over the years is very impressive and shocking. It all started when huge computers began being made in the 1970s. Soon after that, the growth of technology has become unstoppable. People have come to realize that a lot of things are accomplishable only if you put your mind into it.

Since then, nobody has been able to stop the brilliantly smart and creative minds all over the earth. Creativity is the main backbone of technological improvement. It allows you to explore areas that no one had exploited before. For this same reason, creativity has brought us the emergence of modern gaming systems.

Modern gaming systems have taken the world by storm. Many people are fascinated by modern gaming systems. In the earlier years of their introduction, gaming systems were considered to be a child’s thing, but nowadays, modern gaming systems have become everybody’s affair.

The gaming industry has developed very fast, especially because of the growth of the technological world, and a lot of people can testify that the growth of the gaming industry has come to benefit a lot of people. Big corporations have been formed on the basis of the gaming industry. An example of such big corporations whose basis is based on the gaming systems is PlayStation, which is produced by Sony Interactive Entertainment, a division of Sony.

Inception

The PlayStation was the brainchild of Ken Kutaragi, a Sony executive who managed one of the company’s hardware engineering divisions and later dubbed, “The Father of the PlayStation.” The birth of PlayStation dates back to as far as 1988 when Sony and Nintendo had a deal, but Nintendo broke the deal because they could not figure out how to split the revenue.

This infuriated the CEO of Sony, who appointed Kutaragi to create something that would rival Nintendo. In a board meeting in June 1992, Kutaragi presented a CD-ROM based system with 3D graphics. Although the Sony executives were uncertain at first, they decided to go for it, which is why Sakamoto, the designer of the PlayStation logo, went for a 3D illusion.

After being given the green light by most of the Sony executives, a group of executives, developers, and creative talent came together to form Sony Computer Entertainment Inc.(SCEI). This branch of Sony worked together in perfect unison to create their product. They organized manufacturing and marketing strategies, and by December 1994, they gained massive sales due to its lower price since the manufacture of the 3D CD-ROM was cheaper.

The first PlayStation series to hit the market included successor consoles and upgrades with tools and instructions to program the PlayStation. The PlayStation and PS one eventually became the first video game console to sell 120 million units. The company then continued to release other gaming consoles, which also became huge successes.

At the same, the company released the PlayStation one; the company also released the PlayStation Two, which was also a success. The PlayStation two was the most successful gaming console in the world, with sales of over 155 million units in 2012. On November 11, 2006, PlayStation was released and was the first gaming console to use motion sensors through its wireless consoles.

The company then proceeded to introduce the slim version in 2009 and the super slim model in 2012, which were lighter and better than their predecessors. PlayStation four was released in the fourth quarter of 2013, and with the new console, it allowed players to connect their consoles to their phones and also streaming live games with friends. The company, later on, went on to release the PlayStation 4 Slim and PS 4 PRO, which had hardware improvements and some software improvements.

Evolution

The company did not stop moving its creative wheels. The company is intended to release the PlayStation 5 by the end of 2020. In October 2019, the company released the specifications of the PlayStation 5, and by the looks of things, the release of the new console looks like it will elevate the company to a higher level.

The company is also acclaimed for creating a lot of other products such as handheld systems such as the PSP, PlayStation vita, and also other accessories such as the PlayStation VR. The company keeps on pushing the boundaries, and this is what keeps them successful.

Awards & Achievements

The company has been extremely successful over the years due to the outstanding work in technological developments. The company has released great products into the market and has outshone its competition for its outstanding work. For this reason, the company has received numerous awards for their achievements. Some of the awards are as follows:

  • Technology and Engineering Emmy Award for Outstanding Achievement in Video Gaming Technology and Applications in 2005 and 2006.
  • British Academy Games Awards in 1999.
  • Czech Game of the Year Awards in 2010.

Net Worth of PlayStation in 2020

PlayStation Net Worth
PlayStation Net Worth

PlayStation has been an incredibly successful company that is well known for its amazing products. The company has been at the top of the industry for a long time. A lot of its products sold all over the world and made the company considerably wealthy. They have been making profits throughout and has undeniably earned itself a net worth of approximately $45 billion as of November 2020.

PlayStation has been considered as the most popular gaming console manufacturers in the world. The company has become that famous because of the quality of their products, their affordability and has been remarkable in pioneering a lot of things when it comes to gaming consoles. The company has entertained the world for a long time and is admired by many of its customers.

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