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Home » Featured, News

Sony currently developing PS3 successor

Submitted by on Saturday, 28 May 20114 Comments

ps3 slim1 Sony currently developing PS3 successorWith all of the excitement and speculation surrounding the inevitable next generation hardware releases from Nintendo and Microsoft it’s no wonder that the conversation would find its way to the PlayStation franchise.

Amidst a conference call to investors Sony VP and CFO Masaru Kato alluded to the ongoing development of the successor to the PS3 when questions turned to the spike in the research and development costs quoted in Sony’s latest financial report.

“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.” – Masaru Kato

Kato later went on to indulge investors with insight into the financial philosophy of the next console iteration as it pertains to that of the PS3.

“It is no longer thinkable to have a huge initial financial investment like that of the PS3.” – Masaru Kato

Just how far along in the development process the next console is is yet unknown but it’s safe to say that, given Sony’s outlook on the PS3, we shouldn’t anticipate a PS4 anytime soon. For one we’re still a solid 5 years off from the 10-year life cycle suggested by Sony upon the inception of the current generation hardware. Furthermore a hasty console release would be a poor business decision for Sony as they have designs on a prosperous launch of its newest hand-held device, the NGP.

As we stand on the verge of E3, the largest conference for the video game industry, fervent excitement surrounds the unveiling of Nintendo’s Project Cafe. Perhaps tipping their hand, albeit slightly, to the public concerning the next console cycle was a calculated risk to assure fans and investors alike of Sony’s ability to compete and thrive in future markets.

We know there isn’t much to go on here but let us know what your thoughts are on the inevitability that is the PS4. What year do you estimate a release?

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