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Expect the PlayStation 4 to stick around for at least three more years.
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'We firmly believe getting the price right is crucial to driving consumer adoption of any new technology,' head of gaming division says.
Cable TV is fast becoming obsolete with cord-cutting apps such as Hulu, Pluto TV and Amazon Prime taking over.
The video-game titans vied for attention ahead of the industry's annual conference, offering sneak peeks at their latest games.
Don't dismiss this popular and growing medium as a waste of time, they hold the potential to boost the skills you need to succeed.