Executives at GameStop (GME) breathed a collective sigh of relief Wednesday night as Sony (SNE) finally dispelled rumors that its next-generation PlayStation 4 video game console would block used games. Sony unveiled the PlayStation 4 during a press conference on Wednesday and while it did confirm that PlayStation 3 titles will not be natively supported on the new console, Sony executive Shuhei Yoshida told Eurogamer that “used games can play on a PS4.” Sony’s next-generation video game console is powered by an eight-core Jaguar CPU, an AMD Radeon GPU and 8GB of RAM, and it will launch ahead of the holidays this year.

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.