7) Developers have hinted at a 2014 release: Many developers have hinted at a 2014 release including Cliff Bleszinski and Tim Sweeney of Epic Games. Considering plenty of them are still developing plenty of games for current gen consoles, it will take a while for them to fully shift resources to next gen consoles.
8) Sony and Microsoft would want to wait a bit to get cheaper components: Considering these consoles will be packed with a lot of tech to last 5-6 years, Sony and Microsoft would want to wait a bit before the prices of components come down a bit, so they can cram more and get a lot of value for their silicon budget. Most of the basic specs will be already fixed by now, but there’s still time to tweak just like the 360 got additional 256 MB RAM back in 2005.
9) Wait and watch game: Wii U’s sales will be extremely vital for Sony and Nintendo to decide whether to release their consoles early or not. While it looks certain that the Wii U will get two holidays uncontested in the market, things may change only if the Wii sells a lot, which looks unlikely because of increased competition from the extremely cheap PS3 and Xbox 360.
10) It’s the best time to launch a new console: The length of this generation has been artificially extended for many reasons, mainly due to PS3 and 360 launching at a high price, especially the PS3. It is logical to say that 2012 is the year when both these consoles will start declining, and when you look at the NPD figures, it’s sort of true. So 2014 is the right time for these consoles get a new successor.
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