Sony confirms PlayStation 4

With Wii 2 due to be unveiled at E3 and rumours of new Microsoft hardware abound, it was only a matter of time before Sony dropped hints about its plans for the next generation.

Sony’s executive vice president and chief financial officer Masaru Kato has confirmed that the company is working on a future platform” – the almost inevitable PlayStation 4.

He referred to Sony’s next console during a conference call to investors when asked to explain an increase in research and development costs, according to Eurogamer.

Kato said: For the home equipment the PS3 still has a product life but this is platform business, so for the future platform –when we’ll be introducing that product, I cannot discuss that – but our development is already under way, so the costs are incurred there.”

The news contrasts claims made by Sony Computer Entertainment chief Kaz Hirai earlier this year, who said that the firm was not deliberating” a PS4.