Sony is all set to announce the upgraded Playstation console on September 7. Sony has started sending out invites for event being held at PlayStation Theatre in New York City at 3PM ET. The details of the device are still unclear but some reports indicate the device being internally referred to as PlayStation Neo. The PlayStation Neo is expected to support 4K games among other media. It is also reported to boost the processing power. Sony which is preparing to launch its PlayStation VR soon could announce VR association for the new console. Sony's PlayStation VR headset is expeected to debut in October and the new console may become available some time in 2017. Sony recently outlined its business model to be thriving on the back of strong sales of its popular PlayStation 4. The Japanese electronics giant's loss was offset by strong demand for PlayStation 4 gaming console. Microsoft recently announced Xbox One S, a minor upgrade to Xbox One with sleeker design and faster processor. At E3 2016, Microsoft also revealed plans to introduce a 4K ready console (codenamed Project Scorpio) for 2017. Sony has already leapfrogged Microsoft in the console gaming market with its PS4 but Microsoft has set its foot on the future of gaming with Project Scorpio. While Microsoft continues work on Project Scorpio, Sony could surprise gamers with its next console. In an interview with the Financial Times back in June, Sony Interactive Entertainment CEO Andrew House confirmed company's plans to launch a 4K PS4 and even mentioned that all games for the high-end PS4 will also support the existing console. Also Read: Sony PlayStation 4 sales surge, but weak smartphone demand drag profit down Microsoft's Xbox One S has already become the go to DVR and Blu-ray player for many households and with gaming consoles becoming home entertainment device, Sony PlayStation Neo could become the most powerful offering in that space.
