Sony Corporation (ADR) (Public, NYSE:SNE) has confirmed what many in the industry already knew: the PlayStation 4 isn’t coming anytime soon, after Sony had put development of the next PS console on the backburner for the NGP, which will probably get a name, a price and a release date at E3.
Lazard Capital’s Colin Sebastian stated:
“Management remains confident in the 10-year console lifecycle no PS4 anytime soon. While no time frames were mentioned explicitly regarding a console refresh cycle, management indicated that there is little reason to expect a deviation in the ’10′ year console cycle.”
“We think this might, over the duration of the remaining life of the PS3, provide a window of opportunity for new gaming platforms such as an Apple TV, which could simply utilize an SDK and App Store to deliver games to television sets. The next generation Apple TV, will in our view, likely feature the same hardware and software improvements that accompanied the iPad 2, which include a dual core processor and a 9x improvement in GPU performance.”
However, Sony’s earlier “10 year cycle” with the PlayStation 2 included the PS3 entering the picture 6 years into it.
Jonah Falcon is a blogger for TMRzoo and GameStooge.com and covers all gaming consoles and platforms including Sony Playstation 3, Microsoft XBOX 360, Nintendo Wii, Sony PSP and computer games designed for Mac OS, Microsoft Windows and Linux operating systems. Jonah provides his readers with reviews, previews and up to date gaming industry news and rumors.