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A successor to the PlayStation 3 won’t be released until developers are unable to improve on games for current-generation hardware, Sony Worldwide Studios boss Shuhei Yoshida has revealed.

Speaking to Eurogamer, Yoshida stated his belief that there is no need to make the transition to next-generation hardware providing companies are still able to create new and interesting experiences for consumers.

"Looking at the platform cycle, when the platform becomes something game developers are not able to improve their creations with, that's the time we have to really seriously consider shifting to the next generation," he commented.

"As far as we are concerned, we have no desire now to do that [release a new home console]," Yoshida explained.

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I still expect we will see one about 12 months after the nextbox, theres no way Sony are going to just sit back and watch new consoles be released by the competition.