Reports on the internet from Japan, have indicated that plans to begin works on the Playstation 4 console has been stored back into the closet for now. The reason they have taken this action is so the Playstation 3 can be there primary focus.
I would also gather, that they have laid this development into rest because the idea of a new console means less people wanting to buy the current one, also concluding these reports could be just to silence a new hype. If you were to ask Sony about a PS4, they will gladly tell you nothing is in the works.
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