Sony Confirms PlayStation 4 Is In Development

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Sony has finally confirmed what we have been speculating on for quite a while now and that is that they are in fact working on a “future platform” to follow the PS3. At this point we can only assume that the unit they are speaking of is the PlayStation 4. The news was revealed today on a conference call with investors when Sony’s executive vice president and chief financial officer Masaru Kato was asked to explain an increase in research and development (R&D) costs. And then he said it.

“For the home equipment the PS3 still has a product life,” he said, “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.”

Now many of you will remember that awhile ago, the head of SCE Kaz Harai said something that was completely the opposite and dismissed the idea that they were working on the PS4 by saying “a near-future PS4 or next-generation home console is not something that we are even debating now”. The rationale from Hirai’s perspective was that the PS3 wasn’t even at the mid way mark in what is to be a 10-year plan. At this point, I don’t know if Sony will have the luxury to run that plan all the way out. In any case it is nice to know and finally have the question answered. The next generation PlayStation console is already in the works, when we will actually see it who knows.

[source link=”http://www.eurogamer.net/articles/2011-05-26-sony-is-working-on-playstation-4″]Eurogamer[/source]

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Lorenzo Winfrey

Lorenzo Winfrey

Editor-In-Chief at ZoKnowsGaming
I am the Co-Ceo of DLT Digital Media. We are a company that is focused on developing new and innovative web properties in addition to developing WordPress based web sites for others. But before I was all that, I was a gamer.
Lorenzo Winfrey