London - Japanese electronic giant Sony has announced its next-generation gaming console, the PlayStation 4, at an event in New York.
The new console will succeed the PlayStation 3, which went on sale in 2006 and has sold about 75 million units.
The PS4 will eventually compete against Microsoft's still-to-be-unveiled Xbox 360 successor and Nintendo's Wii U.
According to the BBC, PS4's new hardware is designed to offer superior graphics as well as new social features including the sharing of recorded gameplay clips.
Sony also confirmed a range of big-name software for the machine including Bungie's upcoming "shared-world shooter" Destiny, which will include exclusive content for the PS4.
According to the report, Sony said the console 'coming holiday 2013' suggesting it will go on sale in at least some countries in or around December.
It did not give any indication of its price nor did it show what the console would look like, the report added.
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