Speaking with investors in a conference call earlier today, Sony executive vice president and CTO, Masuroto Kato has confirmed that Sony is actively working on the development of a new platform. According to Eurogamer, Kato confirmed the existence of the new platform when he was asked to account for the significant increase in research & development expenses.
“For the home equipment the PS3 still has a product life, 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.”
Kato did not provide any information on how long the console had already been in development, or when it will be expected to make its way into the hands of developers or the public.
Earlier this year SCE boss Kazuo Hirai stated that the company hadn’t even started discussion on the new platform, as the Playstation 3 is not even halfway through the planned ten-year market cycle.