TEXT-Fitch: PlayStation 4 unlikely to be Sony's Saviour
February 21, 2013 at 01:02 AM EST
HONG KONG/SYDNEY, February 21 (Fitch) Fitch Ratings says Sony Corporation's (Sony, BB-/Negative) next generation console, PlayStation 4, is unlikely to deliver sufficient cash flow to turn around the company's credit profile. In the console market the PlayStation will continue to face tough competition from Microsoft Corporation's (AA+/Stable) Xbox brand as both companies attempt to provide a media hub for living room internet entertainment and Nintendo's Wii products will continue to appeal to