PlayStation 5 flexes its muscles with a breathless showcase of upcoming games


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If the recent PlayStation showcase proved anything, it’s that the most exciting, people-pleasing exclusive games are all on PS5.

Until last night, Microsoft’s Xbox has had a free run at owning the current console race. As PlayStation stayed silent, Xbox has been busy showing off one-of-a-kind experiences that can only be enjoyed on its console. Halo Infinite and Forza Horizon 5 both demonstrate the brilliance of the Xbox Series X. And the well-documented $7.5 billion purchase of game development studio Bethesda, which brings Xbox exclusive rights to all of its future titles, made a statement about the platform's intention to deliver the best games.

Yesterday, PlayStation effortlessly swung the excitement back to PS5 in a sub-45 minute presentation that was back-to-back with potentially amazing games. There was no room for filler in this charm offensive either.

Right off the bat, PlayStation announced that the critically acclaimed 2003 hit, Star Wars: Knights of the Old Republic, is being remade for PS5. This hugely popular role-playing game set in the Star Wars universe has always been locked to Microsoft, but this highly anticipated remake will now appear on both PlayStation and Xbox. The gauntlet had been immediately thrown down.

Other remakes also starred in the rapid-fire presentation of new games. Survival horror Alan Wake would also make the trip from Xbox to PlayStation. Grand Theft Auto V and the incredibly successful Grand Theft Auto Online multiplayer is also being polished for PS5. And PlayStation's flagship series, Uncharted will also reappear on PS5.

But it wasn’t all rehashed titles at this PS5 showcase. In classic Sony fashion, the proceedings built to a crescendo of fan-pleasing games that Xbox will surely struggle to compete with.

A stronghold on Marvel titles

Marvel’s Spider-Man 2 is the follow-up to the hugely successful multi-million selling Spider-Man game. Photo: Playstation
Marvel’s Spider-Man 2 is the follow-up to the hugely successful multi-million selling Spider-Man game. Photo: Playstation

Insomniac Games, PlayStation’s most coveted first-party studio, delivered two jaw-dropping teasers for gamers. Spider-Man 2 is, obviously, the follow-up to the hugely successful selling Spider-Man and will see Peter Parker and Mile Morales team up against the might of Venom. A blink and you’ll miss it trailer for Insomniac’s next big franchise starred Marvel’s Wolverine. Again, this is a superhero with a huge fanbase that Sony has secured exclusively for PS5. It’s a move that cements PlayStation as the home of blockbuster Marvel games.

PlayStation finally announced a release date for its incredibly detailed simulation racer, Gran Turismo 7. March 4 is when gamers will be drifting through the corners of some of the most beautiful race tracks around the world. In a post-show announcement, Hermen Hulst, head of Sony Interactive Entertainment Worldwide Studios, said the level of detail that has gone into the haptic feedback of the PS5 DualSense controller - such as the weight of the triggers when braking - takes the feel of racing in this game to another level.

The big finale was saved for God of War: Ragnarok. Since PS5 launched, fans have wanted a follow-up to God of War, but were kept waiting for any glimpse of it. The footage that was shown of actual in-game action will fan those flames of excitement as Kratos and his son Atreus venture to new lands while they attempt to keep their fractious relationship in tact in the face of danger. For the record, it looks fantastic.

Playing the patience game

As the credits went up and the breathless PlayStation 5 showcase came to an end, it was a tale of two halves. On the plus side, Sony proved that it still has the best exclusive games on its console. But there are a couple of problems too.

Firstly, most of these new titles are coming out in 2022, and in some cases, such as Spider-Man 2, not until 2023. That’s a long time to wait for a game, and there’s very little in the near future to get excited about.

Secondly, Sony is yet to announce a competitor to the Xbox Game Pass - a service that offers hundreds of games for one monthly subscription fee. Sure, it may well have something up its sleeve, but ignoring this glaringly obvious hole in its business could really cost PlayStation in the long run. While the Sony showcase has came to an end, the console war continues at pace without a clear winner in sight.

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Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

Updated: September 10, 2021, 9:50 AM