News: Sony, Microsoft moving too slow in online space - Tencent
Chinese internet giant Tencent has said that Sony and Microsoft are moving too slowly in the online space and working with a product business that's missing multiple revenue-generating opportunities.
Speaking at GDC Europe today, Bo Wang, vice president of Tencent Games, said that while online console gaming is growing, the basic business of selling discs and some additional content online is too expensive and misses opportunities to take smaller amounts of money from willing customers.
"Sony and Microsoft are moving to the online space but they're not moving fast enough," said Wang. "By nature the console is limited. The upgrade cycle is quicker for a PC than for console. It can catch up and surpass the performance of consoles."
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