Gamers have anticipated the announcement of an upgraded PlayStation 4, code-named “Neo,” at E3 2016 next week since rumors of the more powerful console first surfaced. Sony confirmed the existence of a new iteration of its top-selling console during an interview with the Financial Times published Friday but explained that it would not be revealed during the biggest gaming convention in North America.
Sony Interactive Entertainment President and Global Chief Executive Andrew House confirmed the PS4 Neo is currently in development at the company. The console will support ultra-high definition 4K resolutions and “richer graphics,” per the Sony executive.
House explained the upgraded console would be a “high-end” version of the PlayStation 4 and cost more than the current $350 version of the console. Sony wants it to be profitable when it launches, which is still not known.
“It is intended to sit alongside and complement the standard PS4,” House said. “We will be selling both [versions] through the life cycle.”
“All games will support the standard PS4 and we anticipate all or a very large majority of games will also support the high-end PS4,” he added.