NowGamer
Sony and Microsoft will likely reveal their next generation consoles next year at GDC and E3 respectively, according to Wedbush Securities' Michael Pachter.
Now that Epic Games is showing off Unreal Engine 4, all that's needed are games powered by the tech - and the hardware to run them.
"The UE4 reveal likely means that we'll hear about next generation
consoles sooner, but not as soon as next month," Pachter told us with regard to E3.
"Sony will announce at GDC or later, Microsoft at E3 next year," he added.
The next Xbox is rumoured to be codenamed 'Project Durango' while the PS4 is said to be known internally as 'Orbis'.
Current speculation has both projects pegged for unveiling next year, with an expected launch at the end of 2013.
http://www.nowgamer.com/news/1386527/unreal_engine_4_details_mean_ps4_xbox_720_reveals_in_2013_pachter.html
