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Playstation 4 “Under Development”

by William Schwartz

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What’s the best way to move onward from one of the most devastating fiscal losses in corporate history? As Jay-Z would say, “On To the Next One”, apparently.  Sony’s Executive Vice President and Chief Financial Officer, Masaru Kato, revealed in  a post-report conference call that the company was seeking an increase in research and development costs. He went on to confirm that they are currently in development of a “future platform.”

“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”

This November would mark just the fifth year since the PS3’s release, and the graphics and processor capabilities that the console is packing under its hood are not exactly considered “dated” technology. Don’t expect any details at this year’s E3, as Sony is set to concentrate on the PS3’s list of highly anticipated games slated to arrive this fall as well as early of 2012.

Do gamers really want to see a new set of next-gen consoles already? Let us know of your opinions below!

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