Fitch says the PlayStation 4, which was announced yesterday but not shown, is "unlikely to be...

|By:, SA News Editor

Fitch says the PlayStation 4, which was announced yesterday but not shown, is "unlikely to be Sony's savior" and "is unlikely to deliver sufficient cash flow to turn around the company's credit profile." Fitch cites tough competition from the Xbox and Wii, as well as from games on PCs, smartphones and tablets. Fitch also doesn't expect "a substantial long-term expansion in the console games market." Sony's shares -1.8% in Tokyo.