Talking to Play magazine, Wedbush Morgan analyst Michael Pachter shared his views on when the Playstation 4 would be released.
Pachter stated, “I don’t think Sony wants to launch behind Microsoft again, so I’m confident we’ll see a PS4 in October or November 2013. It isn’t likely that they will launch earlier, as it doesn’t make sense to get out too far in front of software, and I’m pretty confident that few developers have been working on PS4 games for more than a year or so. Holiday 2013 will be a comfortable window for Sony, and will give them a chance to get a head start on Microsoft.”
He also thinks that the PS3 has “a solid three years left for sales, so it should make it comfortably to a 10-year life span. There are a lot of people who are uncomfortable spending $250 for a console, so I think price cuts to the $199, $149 and $99 will extend the life of a console.”
Source: NowGamer