PS4 Development Under Way, Sony Exec Confirms

Home » Retro Gaming » PS4 Development Under Way, Sony Exec Confirms

Sony recently reported their annual earnings. Sony executive vice president and chief financial officer Masaru Kato was asked in n a post-report call where research and development costs from the company were going towards. As reported by GameSpot, he said that the “major driver” was “prototype research work, development work during the current fiscal year in [the] game segment.”

“We have a portable NGP to be launched later this year, so we have development expenses to be incurred for this product and for the home equipment. The PS3 still has a product life, 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.”

The Sony executive did not explicitly state that the PS3 was in development, but the context of his statement makes it clear that that is what was meant. It should be no surprise that development of the PS4 is underway as both Nintendo and Microsoft are gearing up next-generation hardware. Nintendo’s Wii successor will be released in 2012. Microsoft has not given a date for its future console.