The current PlayStation game, with sales of about 60 million units, controls about 40% of the global market and is one of the most profitable products in the Sony line.
The game will boast a super high tech and high speed microprocessor at an initial retail price of $368. Prices for overseas markets are not yet available.
Sony is planning to ship a whopping one million units of PlayStation 2 for the first week of sales in Japan.
The new video game unit will be backward compatible, allowing users to play the titles they have for their current PlayStation video game unit in the new machine.
Meanwhile, Nintendo has teamed up with Sony's rival, Matsushita Electric Industrial Co., to produce its next generation game, called Dolphin. It is slated to be released at the end of 2000.
Copyright September 1999, Crain Communications Inc.