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The PlayStation 4 is coming, but will it beat Microsoft’s Xbox 720 to release?

It seems a bit surreal for an announcement of this magnitude to come out right before E3 and also in the midst of hackers taking down Sony’s PlayStation Network and other services, but it has just been confirmed that Sony has been quoted in saying that development has already begun on the PlayStation 3’s successor.

The bombshell wasn’t revealed by Kaz Hirai, Jack Tretton or even funny man Kevin Butler on Twitter, but instead it came via Sony’s VP and CFO Masaru Kato during an investor call when he was discussing financial issues in a recent report.

Here is what he had to say in relation to the future of the PS3 and also the next generation PlayStation console, as reported from VG247:

“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.”

Obviously the key words to take from that quote are ‘future platform’, the fact that he can’t discuss the ‘product’ and there in black and white, the admission that ‘development work is already under way’.

So there we have it, but when will the successor be coming? Will it be ready for a release in 2012, or is development still at a very early stage. Now that Nintendo has officially outed the Wii 2, it will be interesting if Sony reveal some more details about the PS3 successor, just to make everyone aware that Sony has a new console on the way too. The same can be said for Microsoft too, as there’s persistant rumors that the Xbox ‘720’ is not too far off as well.

Which next generation console from Microsoft and Sony will release first after the Wii 2? We have a feeling that this year’s E3 is going to spring a few hardware surprises, separate from the obvious announcements from Nintendo. Are you excited about this news on the PS4? Let us know your thoughts on this.

Written by Alan Ng

Alan has been working for Product-Reviews since 2009 and became the Editor-in-chief in 2014. He has a passion for technology, the latest mobile phones and gadgets, and the gaming industry. Alan is a graduate of Canterbury Christ Church University and completed a B.A in Commercial Music in 2008. While expressing a keen interest in all areas that PR cover, you'll usually find Alan in the gaming section, where he'll be keeping enthusiasts up to date on all the latest news and reviews for consoles and PC.

Contact Alan Ng: alan@product-reviews.net

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Anonymous
Anonymous

ok , that  go to show you , just because Xbox sent hackers to “try”screw Playstation(Playstation Network and all , (think about it)Sony is still #1 contender , undefeated still  heavy weight Champion   still going strong.

Anonymous
Anonymous

ok , that  go to show you , just because Xbox sent hackers to “try”screw Playstation(Playstation Network and all , (think about it)Sony is still #1 contender , undefeated still  heavy weight Champion   still going strong.

Anonymous
Anonymous

ya know I think the xbox 720 will be out first because sony has been having problems with people in the ps3 internet

michael cabrera
michael cabrera

ps3 is cool and all but xbox is still better all the xbox needs is to put blue ray on and it will wipe out ps3 so xbox rules lol

michael cabrera
michael cabrera

ps3 is cool and all but xbox is still better all the xbox needs is to put blue ray on and it will wipe out ps3 so xbox rules lol

Emerson VC

Sony PS sucks…..I’ll be buying Wii 2 more fun in HD

Anonymous
Anonymous

@facebook-100001092844989:disqus ill clean robitniks PEEEEEEENIIIIIIIISSSSSSS

Anonymous
Anonymous

@facebook-100001092844989:disqus ill clean robitniks PEEEEEEENIIIIIIIISSSSSSS

Anonymous
Anonymous

@facebook-100001092844989:disqus ill clean robitniks PEEEEEEENIIIIIIIISSSSSSS

Anonymous
Anonymous

@facebook-100001092844989:disqus sony are still in the game Microsoft just give up i mean rrod killed you
Nintedo has been around for too long sorry just face the facts

Harrison Bender

Sony has had it’s time, Microsoft is taking over, Nintendo is still in the game, because they are creative, they know how to satisfy alot of people. Look at the PlayStation, amost nothing has changed since PS1, the only thing that has changed is the technology and how the console looks, they are still trying to keep on to their roots with the basic DualShock-controller, basic exclusive titles (Metal Gear Solid, although MGS Rising is coming to the Xbox aswell) so, I don’t know, PS seems like it’s slowely dying, just like Sega did or Magnavox.

Anonymous
Anonymous

Xbox all the way. Sony suck eggs now there just becoming another Nokia. Fail after Fail. though the NGP is taking a liking for me.

Anonymous
Anonymous

This article is too premature. 
Yes Nintendo’s Project Cafe is coming up but I don’t think we need to get readers into yet another scuffle between MS and Sony. 
I agree with Sony management on this article I think the PS3 pipeline still has a lot more to deliver, and for that I think the 360 pipeline still has some good life in it as well. 

Jarrod Hofmann

Cant wait for ps4 baby will be buying no matter what, Sony will rule the gaming world…People complain about sony and how they handled the hacking problem, well guess what people it wasn’t you being affected or loosing money, it was an attack on sony, and waiting a month for them to make sure the psn is suitable for play just makes me more proud to buy sony’s product, I mean look at Microsoft….They were hacked out of the box, It took someone 5 years to finally hack psn……Now they are adding even new security and even moved there data… Read more »

Damien

Why does no one know about the xbox live crash a few years ago also giving information. I guess they were too worried about the RRod at the time. PS3 IS IN ITS PRIME, IT SHOULD BE ABLE TO BOUNCE BACK.

Damien

Why does no one know about the xbox live crash a few years ago also giving information. I guess they were too worried about the RRod at the time. PS3 IS IN ITS PRIME, IT SHOULD BE ABLE TO BOUNCE BACK.

Charles Rushing

See people want to just write sony off after what one problem well have we forgotten the red ring of death isssue with the 360 already and it took microsoft almost a year to even admit it as a problem and agree to fix it for free where as with the yellow light ps3 problem sony fixed it for free immediately and after this last hack saying that after the problems are fixed it will throw in some freeby’s i mean you think this is a coinsidence right before e3 this happens its probly some 360 fans trying to make… Read more »

Anonymous
Anonymous

PS4- Now comes with a new and revolutionary feature: Creditcard number protection!

Dice Player
Dice Player

No way in the world will Microsoft show the complete Design/raw power of the xbox 3 i mean right after kinect sold over 10 million copies in its first 2 months set the world record and won the Parent choice of the year award. If they show the xbox 3 with all the kinect titles shown at E3 it will confuse alot of people and then they will hold there money till the new xbox, sorry to say but even Microsoft has been saying Kinect basically is like a new xbox. I do think though that Microsoft will defiantly tease the xbox 3 at E3. As… Read more »

Jace Caladrius

I doubt I will buy either, I am quite content with my XBOX 360. However, if they go for the UFO shell design and/or add a terabyte of hard drive space to the 720 I would gladly purchase it at the earliest opportunity. My qualm is that when they switched over to the 360, Live stopped working with the XBOX. If they do the same thing again, I am admittedly going to have a bone to pick with Microsoft, especially since I finally got my gamertag and am looking forward to getting my game on as soon as I get internet… Read more »

Jace Caladrius

I doubt I will buy either, I am quite content with my XBOX 360. However, if they go for the UFO shell design and/or add a terabyte of hard drive space to the 720 I would gladly purchase it at the earliest opportunity. My qualm is that when they switched over to the 360, Live stopped working with the XBOX. If they do the same thing again, I am admittedly going to have a bone to pick with Microsoft, especially since I finally got my gamertag and am looking forward to getting my game on as soon as I get internet… Read more »

Jace Caladrius

I doubt I will buy either, I am quite content with my XBOX 360. However, if they go for the UFO shell design and/or add a terabyte of hard drive space to the 720 I would gladly purchase it at the earliest opportunity. My qualm is that when they switched over to the 360, Live stopped working with the XBOX. If they do the same thing again, I am admittedly going to have a bone to pick with Microsoft, especially since I finally got my gamertag and am looking forward to getting my game on as soon as I get internet… Read more »

Jace Caladrius

I doubt I will buy either, I am quite content with my XBOX 360. However, if they go for the UFO shell design and/or add a terabyte of hard drive space to the 720 I would gladly purchase it at the earliest opportunity. My qualm is that when they switched over to the 360, Live stopped working with the XBOX. If they do the same thing again, I am admittedly going to have a bone to pick with Microsoft, especially since I finally got my gamertag and am looking forward to getting my game on as soon as I get internet… Read more »

Jace Caladrius

I doubt I will buy either, I am quite content with my XBOX 360. However, if they go for the UFO shell design and/or add a terabyte of hard drive space to the 720 I would gladly purchase it at the earliest opportunity. My qualm is that when they switched over to the 360, Live stopped working with the XBOX. If they do the same thing again, I am admittedly going to have a bone to pick with Microsoft, especially since I finally got my gamertag and am looking forward to getting my game on as soon as I get internet… Read more »

Jace Caladrius

I doubt I will buy either, I am quite content with my XBOX 360. However, if they go for the UFO shell design and/or add a terabyte of hard drive space to the 720 I would gladly purchase it at the earliest opportunity. My qualm is that when they switched over to the 360, Live stopped working with the XBOX. If they do the same thing again, I am admittedly going to have a bone to pick with Microsoft, especially since I finally got my gamertag and am looking forward to getting my game on as soon as I get internet… Read more »

Jace Caladrius

I doubt I will buy either, I am quite content with my XBOX 360. However, if they go for the UFO shell design and/or add a terabyte of hard drive space to the 720 I would gladly purchase it at the earliest opportunity. My qualm is that when they switched over to the 360, Live stopped working with the XBOX. If they do the same thing again, I am admittedly going to have a bone to pick with Microsoft, especially since I finally got my gamertag and am looking forward to getting my game on as soon as I get internet… Read more »

Jace Caladrius

I doubt I will buy either, I am quite content with my XBOX 360. However, if they go for the UFO shell design and/or add a terabyte of hard drive space to the 720 I would gladly purchase it at the earliest opportunity. My qualm is that when they switched over to the 360, Live stopped working with the XBOX. If they do the same thing again, I am admittedly going to have a bone to pick with Microsoft, especially since I finally got my gamertag and am looking forward to getting my game on as soon as I get internet… Read more »

Phillip Chako

Dont care if they make it. I will never buy another sony platform ever. I will wait for the 720 or what ever its gona be called. Ive always loved sony products but after this last month I have found out that they have no idea how to deal with there customers. In my bussiness if I didnt anything even close to what Sony has done this last month I would be out of bussiness very quick… Heads up Sony you might think you havent lost enough customers to make a difference, but just like the hack caught you off… Read more »

Onee LoVe

hi..i dont think so that ps4 will release this year or in 2012 ……ps3 is great aws .why they release ps4   
so earlier?

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