Sony, Nintendo Place Big Bets On Handhelds

Sony Corp. (SNE) and Nintendo Co. Ltd. (7974.OK, NTDOY) are making large-scale bets this year that they can still find customers for high-end consoles and titles in a market that has become dominated by smartphones and ultra cheap titles.

Many analysts are skeptical. The handheld gaming business has shifted considerably in the past few years. Smartphones have become powerful game platforms in their own right. That, along with a weak economy, leads plenty to wonder how many gamers are still interesting in paying an extra $250 for a dedicated game device to play game titles that cost anywhere between $25 ...

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