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curl-6 said:

First of all, look at Sony's financial situation. They have their hands full, to put it lightly. Can they really afford to invest in the mass production and marketing of a next gen home console right now? 

It's in their best interest to keep the PS3 going for as long as possible now that it's profitable, and releasing a PS4 would cut a lot of the legs out from under the PS3. (In the tradition of Sony hardware, it won't cut it short completely, but it will steal the wind from its sails somewhat) Luckily for them, the PS3 is still selling quite decently, and still has quite a lot of room for expansion through price cuts to $200 USD and below. (The rumoured super slim would fly off shelves as well) Because of this, they're in a position where they can afford to hold off on next gen.

I often see the argument that letting competitors get a head start is a terrible mistake, but it didn't stop consoles like the SNES, PS2, and Wii not only becoming successful, but outselling their quicker-to-the-market rivals.

In short, there's little incentive for them to launch next year, and the cost is a deterrent, so my bet is we won't see a PS4 until 2014 or later.

 

EDIT: Post 666. Honestly a coincidence.

um they are in financial problem when they announced the vita and released it, so that shouldn't be a reason. look at their tvs,cameras,laptops,phones,and more that they are making. they gotta make sure ps4 sells at a profit not at a loss and it will be fine. They cannot sell ps4 at a loss this time.Oh It will not harm ps3 sales. Look at psp and ps2. Psp still sells well even when psp vita is out and ps2 did sell very well in 3+ years of ps3's life and it still sells well at gamestop.