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Sony Announces New, Slimmer, Network-Ready PlayStation2

Sporting a new look for holiday shopping, Sonys redesigned PlayStation2 videogame console sports a slimmer look, is half the weight and is network-ready for play. Its available today, (Nov.1, 2004) for a retail price of $149.99 at more than 20,000 doors/retail locations.

The new PlayStation 2s internal volume has been reduced by 75%, overall weight has been cut in half and thickness trimmed more than 35% to a size slightly larger than a DVD case. Built-in Ethernet enables out-of-the-box online gaming, and an analog modem port is also included for non-broadband gaming. The unit also comes with one DUALSHOCK2 analog controller, an external AC power adaptor to reduce power consumption and a new round base, sold separately, for vertical display.

"Response to the new PlayStation2 has been amazing," said Dan DeMatteo, president/coo of GameStop, a leading videogame retailer. "We've seen a steady increase in consumer demand throughout our stores nationwide, with sales of PlayStation2 rising to well above our expectations."

In just four years, PlayStation 2 has dominated the marketplace with a North American installed base of more than 27 million consoles. One if four U.S. households has a PlayStation 2 as it maintain market dominance, holding a 58% of the U.S. next generation hardware market share life-to-date, according to the NPD Group.

"The introduction of the redesigned unit came when we felt it was strategically the best timing to expand the market, and it's gratifying to see consumers respond so positively as we enter the holiday selling season," said Jack Tretton, evp, Sony Computer Entertainment America. "Consumers continue to place their confidence in the longevity of PlayStation2, which we see as absolutely essential to the health of the industry."

The new PlayStation 2 (www.us.playstation.com) will support CDs, DVDs and all of the 2,000 titles in the PlayStation and PlayStation 2 catalog, as well as the more than 55 additional titles under development to be released by year-end.

Sony Computer Entertainment America markets the PlayStation family of products and develops, publishes, markets and distributes software for the PS one game console and the PlayStation2 computer entertainment system for the North American market. Based in Foster City, California. Sony Computer Entertainment America serves as headquarters for all North American operations and is a wholly owned subsidiary of Sony Computer Entertainment Inc.

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