Sony Admits PlayStation 4 Currently Under Development.

  • May 26, 2011 2:15 pm

Back in 2006 Sony released the PlayStation 3 to much fanfare thanks in small part to the inclusion of Blu-ray technology. While physical formats aren’t quite the moving force they were even a few short years ago, hardware still sells. On that same note, the PS3′s hardware while still capable is growing a bit long in the tooth, leaving many to question when Sony will push out an updated PlayStation 4.

At today’s earnings call in which Sony detailed the company’s current financial health, Chief Financial Officer Masaru Kato admitted (indirectly) that the company is hard at work on the next generation PlayStation 4, citing increases in R&D costs.

For the home equipment the PS3 still has a product life, but this is a platform business, so for the future platform – when we’ll be introducing what product I cannot discuss that – but our development work is already under way, so the costs are incurred there.

While details concerning specs, release, and pricing were obviously not discussed due to the extremely early nature of development, it at least signals to us that a new piece of PlayStation hardware is coming sooner rather than later. And coming from a usually quite secretive company such as Sony, we’ll take anything we can get.

What would you like to see on the PS4?

Via: VentureBeat

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