Sony announces its new PSP device

The Sony Corp. is coming out with a portable playstation device that is similar to gameboy and the Nintendo DS that is coming out soon. This device uses a new disk format and will be able to play games and also has movie and music capabilities. Sony plans to sell 200,000 in their initial shipment, 500,000 by the end of this year, and 1 million by March 31. Sony had expected a price about $280, but have reduced it significantly. The PSP is going to hit stores in Japan on December 12 at its new estimated price of $186.