Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
An estimated 125 million people are playing “Fortnite " worldwide. The game is doing something that most other major ones have failed to do — bring together gamers from across all platforms. All but one, that is.
Sony’s PlayStation 4 is the holdout. The console doesn’t allow cross-platform gameplay for its customers. And it’s hurting Sony's bottom line.
Crossplay means you can play “Fortnite " with an Xbox against users on iOS, PC, Mac, and now Nintendo Switch. Sony is known to block crossplay with rival systems. It made its “no crossplay” rule famous when the company blocked it for the hit game "Rocket League " in 2017. But with “Fortnite" rising in popularity, gamers thought this was the one that would change Sony’s mind.
In June, Nintendo announced it was jumping into the world of “Fortnite.” The game was downloaded 2 million times in the Nintendo Marketplace within the first 24 hours. The Nintendo version of the game would also be compatible with all platforms, including its competitor Xbox One.
But unlike Microsoft and Nintendo, Sony still has yet to announce a change in its ban. The backlash toward Sony took the internet by storm earlier this year. PlayStation gamers were outraged that they couldn't play “Fortnite " against friends and family who own other systems.
Meanwhile, others found themselves locked out of their "Fortnite" accounts. If you created your account on Sony’s PS4, you couldn't access it from any other gaming consoles such as Xbox One and Nintendo Switch.
Sony shares dropped 2 percent during the controversy in January.
Sony's decision has nothing to do with software or hardware compatibility. It all comes down to where people are making in-game purchases. “Fortnite " has its own in-game currency called V-Bucks, which players can acquire with real cash to buy player upgrades.
If you bought V-Bucks on your Xbox and used them to buy new character skins on iOS or PC, those platforms wouldn't share in the revenue. Sony fears it would be losing out on a ton of money by letting in V-Bucks that were bought elsewhere.
In May, “Fortnite " made $318 million in total revenue. According to gaming research firm SuperData, consoles generate the majority of the game’s monthly revenue. Sony is the market leader in gaming, having sold more than 76 million consoles.
But even with that hardware advantage, its plan to be the one-stop shop for their community of "Fortnite" players may end up doing more harm than good. Sony’s crossplay ban may end up isolating the gaming giant from the wider world of “Fortnite.”
And that could ultimately slam its profits.