Reuters reports that Sony's planning to focus on maximizing profits from its image sensor business and, more importantly to us, the PlayStation 4. To cut costs, they will limit their TV and smartphone lineup, hoping to boost profits for their video game division by at least 25%, to as much as $13.6 billion.

As per their latest financial report, Sony shipped 3.3 million PS4 systems in the financial quarter ending on September 30. This brings their total to 13.5 million consoles shipped in less than a year. Sony also moved 800,000 PS3 consoles and 700,000 portable (Vita, Vita TV and PSP) consoles during this time. Read more

"Rising game budgets have created breathtaking, cinematic experiences. But not everyone is happy." The Economist takes a look at the state of the video game industry in the wake of Destiny's famously pricey launch and provides an interesting overview of where game development is headed in the near future.

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