- Nearly three months after the first report emerged stating Sony (NYSE:SNE) is prepping a more powerful PlayStation 4 that supports 4K gaming, PlayStation division chief Andrew House has confirmed Sony's plans. "It is intended to sit alongside and complement the standard PS4. We will be selling both [versions] through the life cycle."
- No specific price or launch date has been given; House does say the new console will cost more than the current $350 model, and that all PS4 games will continue supporting the existing model. The 4K-capable console won't be shown off at the gaming industry's E3 conference (runs from June 14-16). "We want to ensure we have a full range of the best experiences on the new system that we can showcase in their entirety."
- Microsoft reportedly plans to unveil a smaller/cheaper Xbox One at E3, and launch a 4K and VR-capable model next year. Both the current and revamped PS4 will support Sony's PlayStation VR headset, which is due later this year.
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Two weeks ago: Sony tops 40M cumulative PS4 sales