Sony's hard at work on the PlayStation 4

With the PlayStation 3 approaching the end of its life cycle in the next year or two, it's no surprise to hear that Sony's already working on its next-gen console. But it's still nice to hear it from the mouth of one of its executives.

On a recent earnings call, Sony CFO Masaru Kato had this to say:

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.
Hey, it sounds like they're working on the PS4! The chances of it showing up at E3 next month are slim-to-none, but they chould be in line to unveil it later this year or early next year with an eye on a holiday 2012 release. Sony has stuck to the claim that the PS3 has a ten-year life cycle, which would have it dying off in 2016, but consoles generally hang on for a few years after their predecessors are released as low-cost options.

In any case, what they've got in store for the PS4 is anyone's guess, but new consoles are always an exciting thing to see.

NVIDIA via TFTS

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