Sony Confirms Development of PS4, Cuts PlayStation Development Budget.
But development work is already underway," said Masaru Kato, chief financial officer of Sony, at a meeting with investors noting that part of the FY2012's (began on March 31, 2011) R&D budget would be spent on the PS4, reports Gamasutra web-site. …
Sony confirms new PlayStation 4 is "under way"
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