Sony will launch a PS3 successor on February 20, the Wall Street Journal reports citing sources familiar with the matter.
Sony has officially announced an event on that date, saying the fans will "see the future" of PlayStation, but has not disclosed what, exactly, will be revealed at the event.
According to WSJ's sources, Sony will start selling its next-generation PlayStation later this year, competing for attention with Microsoft, which is also likely to launch a new gaming console in 2013.
With the PS4 (if that's what it'll be called), Sony plans to focus more on the social gaming aspects than on the machine's specifications. The next-gen PlayStation will reportedly keep an optical drive, but it will have an AMD CPU and graphics processor, replacing the Cell processor architecture from the previous models.