Early this morning, Sony has officially confirmed in an interview with Financial Times that an upgraded PlayStation 4 with 4K support is coming soon. This new upgraded PS4 was first leaked by Kotaku; the PS4’s codename is Neo.

PlayStation Group CEO Andrew House confirmed the news stating that it will be a “high-end PS4” that will be sold alongside the current PlayStation 4.

“It is intended to sit alongside and complement the standard PS4,” he said. “We will be selling both [versions] through the life cycle.”

With this being said, it appears the upgraded PS4 will be more expensive than the current $350 price point.

Sony also revealed that the new PS4 will not be shown at E3 next week; the company stated that they wanted to make sure they have enough high-range games that support the upgraded PS4 before they announce.

We want to ensure we have a full range of the best experiences on the new system that we can showcase in their entirety,” he said.

But Sony also made it clear that all games coming to PlayStation 4 will support both the current PS4 and the upgraded PS4.

This news was leaked by Kotaku and GiantBomb in March. They stated that games will have to support both an upgraded 4K resolution, alongside supporting the current PS4 resolution. Developers would have to enable a specific 4K mode for the PlayStation 4 Neo.

Microsoft is expected to announce a new Xbox One Slim console, which is reported to be 40% smaller than the current Xbox One, at E3. The Xbox One slim is rumored to also be cheaper than the current $349 price point. In addition, additional Xbox One devices are expected at E3. We’ll update if Microsoft does announce new consoles on June 13.

SOURCE: Financial Times