The concept art of the PlayStation 4 has been produced by 'passionate' designer, Tai Chiem. As displayed, the futuristic look of the eighth generation console consists of a spherical screen and a 'knell touchscreen panel'. Sony is desperately trying to beat Microsoft to the market with a next-gen console. Sony realized that when Microsoft released the Xbox 360 with a relatively cheap engine - this allowed Microsoft to capture a healthy chunk in the gaming market.
Also the PlayStation 3 is a distance away from the Wii in the market (especially in East Asia). This made Sony to think as to making a smaller console, as the Japanese buyers prefer smaller platforms.
The PS4 is set for release possibly late 2012. It would be reasonable due to the fact that the PS-1 came out in 1994 for Japan. It had 6 years of shelf life. The PS-2 came out in 2000. It too had 6 years of shelf life. Likewise, the PS-3 came out in 2006 which was 6 years after the release of the PS-2. Therefore a reasonable release date for the PS-4 would be 2012. However, it would likely be sometime in 2013 for some reason before it would be released in the United States. Also, if Sony later decides to release a PS-5 it would most likely be in 2018. The PS-6 would then be released in 2024 and the PS-7 in 2030. No deviation from this schedule is likely.
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