Sony's interest in developing video game interfaces with superior graphics capabilities dates back to 1988 when they came up with a business agreement with Nintendo Corporation to develop a video game that has superior graphics capabilities. The plan was to develop a CD-ROM based gaming interface.
It took Sony few more years to develop their own gaming device and in 1991, PlayStation was launched. However, very soon after the release, Sony observed that the PlayStation need a lot of changes to become a successful home entertainment system.
This is one of the reasons behind Sony's long delayed introduction of newer version of PlayStation, after the launch of the original version.
One of the next major upgrades in the PlayStation series came in 1999. Sony brought several revolutionary features in this PlayStation version.
Sony enjoyed a great monopoly in video game industry with PlayStation until 2000, when Microsoft officially introduced its Xbox video game interfaces. However, Xbox couldn't create a successful competition to Sony due to its high price tag and limited number of games during launch. Sony also launched PlayStation 2 with a lot of added features which wiped off Xbox's claim as a graphically advanced game.
Sony faced a lot of trouble in 2000, to keep PlayStation 2 live up to the expectations. Interestingly none of the issues were related to the product's quality except a rumor about a faulty memory card.
After going through several ups and downs, PlayStation secured its own position as a gaming device. There was a time when PlayStation alone contributed 40 % of Sony's market share. Today Sony enjoys a good market share and with several video game titles, Sony manages pretty well to keep their enthusiasts stick to the brand.
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