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It's official: Sony says PlayStation 4 coming

Sony Executive Vice President Masuru Kato has announced during a conference call with investors that the company will be working on a future platform console, indicating the impending launch of PlayStation 4.

Confirmed: PSN Store re-launch hits delay

Sony is still reeling from April's cyber attack on its PlayStation Network, announcing today that it will need until the end of the month to get its online store component functional again.

Sony Cuts FY Outlook, Now Sees $3.18 Bln Loss

Sony cut its outlook for fiscal year ended March 31 and now expects a loss of $3.18 billion for the period as it took a hefty charge over impact of Japanese earthquake on its operations.

Apple moves closer to the cloud

After reaching agreements with four major record labels to stream music on the Internet, Apple prepares its move into the cloud.

Apple, Sony cloud music service deal major blow to Google and Amazon

Apple and Sony Music Entertainment are nearing a deal that will allow licensed cloud-music services. Apple has made giant strides toward establishing their new music service by landing deals with major music labels. According to CNET, EMI Music and Warner Music Group has already signed on board the Apple cloud-music deal while Sony and Universal will be wrapping up soon.

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