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Sony CFO denies PS4 development

DVDBack23 @ Jun 01, 2011 16:34 | 4 comments

Last week we reported that Sony CFO Masaru Kato implied the PlayStation 4 was already in development after saying increased R&D costs in Sony's books were largely due to next generation console development.

Today, the CFO has cleared up the statement, saying it was misconstrued.

"As for home consoles, the PS3 still has a product life," said Kato originally. "But this is a platform business, so for future platforms, though I can’t say what we are going to release when, our development work is under way."

Those costs were mainly because of the PS Vita (NGP/PSP 2) he confirmed today, adding:

This is a good opportunity to clarify this. Some people misread what I said.

Any time we launch a product, from that day we already start thinking about the next one. This is just a general statement.

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