II. PS4 Development Starts
Perhaps hoping to redirect public conversation in a more positive direction, Sony CFO Masaru Kato dropped a hint in his company's earnings call that a successor to the PlayStation 3 is in the works.
He comments:
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.
Sony emphasized in filings that the development costs and financial losses for the tsunami overshadowed losses from the data breaches -- although the possibility remains strong that Sony is seriously underestimating those costs.
Analysts believed that the successor -- broadly referred to as the "PlayStation 4" -- wouldn't come out for a couple years. But with Nintendo Comp., Ltd. (7974) reportedly preparing to announce the successor to its best-selling Wii console, code-named "Project Cafe", at E3 next month, Sony may find itself forced to bump up its production schedules.
Sony currently sits solidly in third place in the console race, behind market leader Nintendo and second place Microsoft Corp. (MSFT), makers of the Xbox 360.
Lost amid the recent hacking chaos has been an equal serious slowing in sales of Sony's PlayStation 3 console and PlayStation Portable handheld. While sales totals for these consoles' lifetimes are no flop (no Sega Saturn or Sega Dreamcast, that is), the slow in recent months have been troublesome.
It took Sony eight months to sell 8 million units of its motion-sensing accessory PlayStation Move. By contrast, Microsoft reached this mark in only two months with the Kinect.
Little is known about the next generation PlayStation. But it will likely incorporate motion-sensing technology deeply. And hopefully its networks will be better secured.