E3 reactions

After the big three press conferences at E3, various discussions have sprung up regarding the two new consoles, Sony's PSVita and Nintendo's Wii U. Here are some interesting tidbits.

For a start, PlayStation boss Kaz Hirai told Reuters Japan (via Andriasang) that PSVita will be profitable in three years. This suggests that Sony is selling the hardware at a significant loss.

Sony Computer Entertainment's Head of Worldwide Studios Shuhei Yoshida thinks that the PS3 and the Vita can replicate the Wii U setup and that certain games may be developed for both platforms, Develop Magazine writes.

Regarding Wii U, there is some discussion regarding the hardware power of the console. It is a given that Wii U will, by some, be perceived as a mere upgrade and not as the first eighth generation console. Yet in the above forum, a number of posters claim that what we know about the console's CPU already makes it a few times more powerful than the PlayStation3's Cell chip.

If you want to get technical, here is the info you need. The IBM press release regarding the Wii U's CPU is here, the AMD press release regarding the console's GPU is here.

Mark Rein, president of Epic Games (´Unreal´) twittered about potential Wii U support that there was no announcement to make today but that ´water was meeting fish.´ Also, Rein stated that he was at Nintendo's press conference, for the first time ever. Remember that ´Aliens: Colonial Marines´, due to come out for Wii U, is running Unreal 3 technology.

While industry insiders are all marvelling at the level of developer support Nintendo is getting, investors did not get to grips with the Wii U with Nintendo shares taking a 5,7 percent tumble in Tokyo, falling to the lowest level in many years. Some market analysts voice their confusion about the console.

Sony shares, on the other hand, gained a little. Bear in mind, though, that Sony is an electronics giant with a diverse product range. Also, the latest PlayStation Network outage made Sony shares tumble over the last few weeks. With PSN back up, the shares are also set to recover.

Lastly, Microsoft shares rose on Monday but have since returned to the level before their E3 press briefing. Microsoft, too, is a huge corporation and poor sales of Windows Phone 7 handsets may be to blame for a declining share price.

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