Latest Sony PlayStation 5 gets Apple Music, in some good news for gamers

Apple has globally launched Apple Music to Sony's latest gaming console, PlayStation 5.

Through this development, PlayStation 5 users will be able to play Apple Music audio in the background while gaming. (AFP)

American tech-giant Apple has globally launched Apple Music to Sony's latest gaming console, PlayStation 5. As per The Verge, through this development, PlayStation 5 users would be able to play Apple Music audio in the background while gaming.

This is the second major collaboration of PS5 with an Apple service after both Sony and Microsoft's next-generation gaming platforms were launched with the Apple TV Plus app last year.

As per The Verge, having Apple Music on a console is a nice addition if a user is looking to simplify their TV setup and avoid having to switch too much between dedicated streaming boxes and built-in apps.

For the unversed, Apple Music is also available on Android, Amazon Echo, Chrome OS, Sonos, the web, and the company's own range of hardware. Microsoft Closes on Apple in Race for World's Most Valuable Listed Firm (Bloomberg) A blowout first quarter has brought Microsoft Corp. back into contention in the race for the world's most-valuable listed company.

The software behemoth is less than $60 billion away from dethroning Apple Inc. for the first time since May 2020, based on a 3.1% gain in early U.S. trading. That gives Microsoft a market value of $2.40 trillion compared with $2.46 trillion for Apple.

The stock was boosted after Microsoft reported estimate-topping results for an 11th straight quarter. Several analysts raised their price targets, saying the earnings were very strong across the board.

“Sustaining 22% revenue growth at a more than $180 billion run rate provides compelling evidence of solid secular positioning across the portfolio,” Morgan Stanley analyst Keith Weiss wrote in a note.

Microsoft is trading at a 20% premium to the technology-heavy Nasdaq 100 Index, though hasn't beaten Apple in the market value race since the iPhone maker overtook Saudi Aramco for the top spot in July 2020.

The contest's next catalyst may be Apple's fourth-quarter results due Thursday. Analysts have been highlighting the possible impact on the key holiday quarter of reported cuts to iPhone 13 production targets for 2021.