Contrary to what Sony’s head honcho Kaz Hirai said nearly three months ago, it seems Sony is working on a successor to the PlayStation 3, as was reported by Eurogamer today. This news comes via Sony's executive vice president and chief financial officer Masaru Kato who dropped the bomb in a conference call to investors today justifying Research and Development costs.

What does Sony have up their sleeve?

What does Sony have up their sleeve?

“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.”

This comes as no surprise since Nintendo is all set to reveal the Wii 2 at E3 this year. It also seems, according to certain rumors that Microsoft has been working on a successor to the Xbox360. Either way, we’ll get to know more at E3 2011.

Tags: , , , , , ,