
TOKYO -- Sony unveiled its next-generation PlayStation 5 gaming console in major regions including Japan and the U.S. on Thursday, with the Japanese electronics group targeting Asia as a key market as it fights rivals for market share.
The PS5 hits the market two days after Microsoft launched its latest console, the Xbox Series X. Along with Nintendo -- which is not bringing out a new console this year -- the companies hope for a big sales season as pandemic-driven demand for stay-at-home entertainment provides a tailwind for the entire gaming industry.