Update: Playstation 4 Release Date Count Down
The rumors have finally been confirmed! The PlayStation 4 is currently being developed by Sony, according to the Sony Executive Vice-President and Chief Financial, Officer Masaru Kato.
Sony has finally turned a profit in their Networked Products and Services division, which includes items like the PlayStation 3 and PSP, for a profit of $492 million in the fourth quarter. This is enormous, since Sony had to spend so much money in order to create the individual software pieces for the PS3.
So where did all the money go for the 14 million PS units sold this past year? “For the home console, the PS3 still has a product life, but this is a platform business,” Kato said. “So for the future platform—when we will introduce the product I cannot discuss—but development work is underway, so the costs are incurred there.”
That’s right: Kato confirmed the rumor that the PS4 is being developed, and a large amount of the PS3 profits are going into the Next Generation Console. The plus side of the PS4 for developers, though, is that Sony will not need to create manufacturers for new technology, since they have already done that for the PS3. The technology is already available; they just are going to make it even better. And they have been busy with other devices, like the Xperia Play/PlayStation Phone, so who knows what the next device will do.
We don’t know yet when the PS4 will be released, but we do know that last month, Microsoft finally hired workers to begin development of their Xbox 720, so that is officially underway as well. Next week is the annual E3 convention, and we already know that Nintendo is unveiling their Wii 2.
So the future is finally here: the next generation of gaming is only a few years—or less—away.