Most of the gaming world figured Sony
would be rolling out the successor to the PSP at its Business and Strategy Meeting being held in Tokyo – but no one guessed it would embrace the smart phone market as well.
The company unveiled its next generation handheld system Thursday as well as a new initiative that would bring games from the original PlayStation to Android-based devices, as Sony prepares to launch its own ‘PlayStation Phone’.
Seventeen years ago, Panasonic tried to 
break into the video game industry, lasting only three years before it was forced out. Now it’s ready to try again.
The company has unveiled the Jungle, a new handheld gaming system that will target players of online games. It’s a niche other companies have left wide open, but analysts—to put it kindly—are extremely skeptical about the company’s odds of success.
It was pretty hard to find anyone who 
liked Nintendo Wednesday afternoon.
Loyal fans were upset to learn they’d have to wait longer than expected for the 3DS. Nintendo investors were ticked that the company abruptly changed its fiscal 2011 earnings guidance. And shareholders of other publishers were annoyed, since Nintendo’s woes brought the entire gaming sector down on Wall St.
But the party was going strong at 1 Infinite Loop in Cupertino, Calif.
Despite indications it was right around the corner
, 3D handheld gaming won’t hit store shelves until next year.
Nintendo announced Wednesday that its 3DS portable system, which lets owners play videogames in stereoscopic 3D without the need for special glasses, will go on sale in Japan next February — and will hit U.S. and European stores in March.
Nintendo has announced plans to shave $20 off the price 
of two versions of its best selling video game system – the Nintendo DS. Effective Sept. 12, the DSi will drop from $170 to $150 and the DSi XL will move from $190 to $170.
The move follows price cuts in several other regions, but the timing could raise a few questions. We’ve got three theories as to why Nintendo decided to make the move now.
Chris Morris: Journalist 