Sony confirms work underway on PlayStation 4

The PlayStation 3 is nearly halfway through its much-touted ‘10-year life cycle,’ and it looks like Sony is feeling the console’s age. In a conference call to investors today, Sony executive VP Masaru Kato confirmed that the company was already working on a “future platform” – in other words, PlayStation 4.

“For the home equipment the PS3 still has a product life,” announced Kato, “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.”

Recent rumors have suggested Microsoft has already sent out development kits for its next Xbox, while Nintendo plans to show off Wii 2 (or Project Café as it’s codenamed) next month. Hence, it’s not surprising to hear Sony is working on its fourth home console.

It’s sort of exciting to be entering that familiar bubble of hype and hearsay that precedes every new console in the years to it launching. I look forward to lots of zany rumors over the next few months.

[Via Eurogamer]