Although there has been a lot of speculation in the market as to when Sony will release their next iteration of the popular PlayStation console, Electronic Arts executive Frank Gibeau said that there is no need for Sony to release it any time soon.

“It’s hard for me to conceive what you would do on a PlayStation 4. The displays are already 1080p, you’re already connected to the internet… You could make it faster, you could have more polys and you could up the graphics a little bit… but at what cost?” he told CVG.
Gibeau also added that developers are still trying to find ways to push the Xbox360 and PlayStation 4 to their limits. “One of the things that we like is that the technology is consistent, and we believe that there are still things that you can do on these systems… we haven’t quite squeezed the last ounce of hardware horsepower out of these things, as you can see with Battlefield 3.”
He added that while developers are happy with this generation’s consoles, consumers are too. “I’d like to see the cycle last a little longer. I don’t see consumers right now banging on the walls for a new platform. They seem to be very happy with their PS3s and 360s. They love the online connectivity; they have great communities and great libraries.”
Charlie Fripp – Consumer Tech editor