Sony Corp. CFO Masaru Kato expects its R&D spending to rise to 460 billion yen this fiscal year from 426.8 billion yen in the last fiscal year. Mr. Kato cited R&D costs for the new portable game machine—tentatively named the Next Generation Portable, or NGP—which Sony plans to launch later this year. “As for home consoles, the PS3 still has a product life,” he said. “But this is a platform business, so for future platforms, though I can’t say what we are going to release when, our development work is under way.” This statement was made at a press conference held in Tokyo last May 23, 2011. Almost a week after the Playstaion Network (PSN) service was restored by Sony.
So the CFO’s comments are indeed troubling for those of us who own or just recently bought a Playstation 3 (PS3). For me, the news of the PS4 is really just speculation at this point. People are reading too much into what the Sony Corp. CFO was saying. He was obviously referring to the NGP launch and not a new console launch. Even if it were true, the release of the PS4 will not dilute the PS3’s staying power. In fact, the PS2 console, which was released more than a decade ago, still have games under development for release around 3rd qtr this year (E.g. Madden NFL 12 and Pro Evolution Soccer 2012). So to the PS3 owners out there, no need to wet your pants, just chill out and enjoy your console.