NEW YORK ( TheStreet) - It has been a long time in the making. Slightly more than six years to be exact. And they didn't spend much time worrying about what to name it. Sony's (SNE) pretty sure that everyone will know that a PlayStation 4 denotes the company's next-generation gaming device.
Last night, in a grand New York City event, Sony proudly announced its newest home gaming console. It's actually the eighth-generation design when you count all the upgrades and improvements made to its earlier designs.
The PS4 is like a "supercharged PC". It's said to feature an 8-core, Advanced Micro Devices (AMD) "Jaguar" processor, 8 GB of RAM, a built-in hard drive, Gigabit Ethernet, Wi-fi, Bluetooth, HDMI, a 3D/HD (720p) camera, a better/faster Blu-Ray/DVD drive and an all-new controller.
Sony promises that the hardware will offer gamers a new level of play, as well as a new level of sharing via the "cloud". It will reportedly let gamers upload what they're playing on the Web, while watching others at play. Sony will also let players connect to each other via popular social networks.There's also talk that Sony is working on a software program for both Apple (AAPL) iOS and Google (GOOG) Android-based devices that will extend the new PS4's gaming abilities to a second screen. Interestingly, Sony had a lot to say about what the console will do, but offered little information on what it will actually look like. There was no sample hardware in sight at last night's event. No retail price was suggested either. Sony will start selling the PS4 in November - in plenty of time for the prime holiday shopping season. Of course, the PS4 won't be all alone on the retail shelf. Microsoft's (MSFT) expected to announce its answer to the PS4 - the next-generation Xbox game console - sometime this summer, with a release date perfectly timed for holiday shoppers as well. --Written by Gary Krakow in New York. >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV