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Sony to launch PS4 on February 22

Sony Corp has announced the release date of its PlayStation 4 in Japan, as the electronics maker braces for a console war with Microsoft Corp that could make or break the Japanese firm's struggle to return to profit, Reuters has reported. Sony said it will launch the PS4 on February 22 in Japan, three months later than its November 15 release in the US. PS4 will retail for $400, compared with $499 for Microsoft's Xbox One, which will be rolled out on November 22.