PlayStation 4 development underway

Sony’s executive vice president lets news slip on conference call to investors

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PlayStation 4 development underway Sony PlayStation is currently developing the PlayStation 4. (Getty Images)
By  Georgina Published  May 29, 2011

Development of Sony's PlayStation 4 is already underway, according to Sony's executive vice president and chief financial officer Masuru Kato, who let the information slip during a conference call, according to consumer technology website PocketLint.

This directly contradicts a previous statement by Sony Computer Entertainment boss Kaz Hirai, who said in March this year  that "a near-future PS4 or next-generation home console is not something that we are even debating now".

However, Kato revealed PlayStation 4 plans to investors on the call: "For the home equipment the PS3 still has a product life," he said. "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."

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