Sony Ready to Launch PlayStation 4?

Sony Store
Sony Store

There are more rumors that Sony Corp. (NYSE: SNE) will launch a PlayStation 4 model, perhaps as early as this month.

The PlayStation was once the leader of the game console business, but sales have been damaged badly by Nintendo and Microsoft Corp. (NASDAQ: MSFT) products. And Sony faces the problem that game consoles may have become obsolete as games move to tablets and smartphones. Also, some of the time gamers spend online is devoted to products from firms led by Zynga Inc. (NASDAQ: ZNGA). Nintendo recently released a new version of its products, and sales so far have been disappointing.

According to Asahi Shimbun:

Andrew House, president of Sony Computer Entertainment Inc., will announce the launch at the PlayStation Meeting 2013 in New York on Feb. 20.

The PlayStation 3, at the time an industry standard, debuted in 2006.

Specifications are as yet unavailable, but the PlayStation 4 is believed to draw on high-performance graphics chips that produce faster images with greater detail.

This could make the console suitable for cross-discipline use, possibly for downloading and playing music and videos with greater speed and fidelity than on smartphones and personal computers.

Filed under: 24/7 Wall St. Wire, Consumer Electronics, Rumors, Video Games Tagged: MSFT, SNE, ZNGA