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Sony launch of PlayStation 4 aims to recapture market

20 February 2013 Last updated at 07:58 GMT

Sony is launching its new PlayStation in an effort to recapture both a share of the market and the enthusiasm for purpose-built games consoles.

The $9bn (£5.8bn) global market has seen Microsoft's XBox steal the march on the PlayStation 3, and many consumers now prefer to play games on their smartphones and tablets.

Jeremy Howell reports.