Sony sets PlayStation event for September; could unveil new console

|By:, SA News Editor

With rumors about a slightly altered PlayStation console rampant, Sony (SNE +1.7%) has set an event called the "PlayStation Meeting" for Sept. 7 in New York.

The company has been said for months to be planning a "PlayStation 4.5" or "PlayStation Neo," which would be a ramped-up PlayStation with power to handle 4K content and perhaps virtual reality -- and, equally important, a maintained price point for the consoles as the last generation ages.

That means if Sony does unveil the PS 4 Neo, it could be ready for the holiday shopping season.

Microsoft (MSFT +0.2%) recently rolled out the Xbox One S, which it will sell as its high-end model into next year.

Previously: Sony, Microsoft look closer to mid-line game console upgrades (Apr. 20 2016)

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