Despite Kaz Hirai's comments to the contrary earlier this year, when he suggested that a next-gen console wasn't even something Sony were 'even debating' at that point in time, Sony’s VP and CFO Masaru Kato let slip that the development process for a future console is well underway during an investors call yesterday morning.
'We have a portable, NGP, to be launched later this year, so we have development expenses to be incurred for this product. And for the home equipment, the PS3, this still has a product life, but this is a platform business,' said Kato. 'So for the future platform, when we will be introducing what product I cannot discuss that, but our development work is already underway and the costs are incurred there.'
Hirai stressed back in March that the PS3's 10-year life cycle wasn't 'even at the halfway point', but pressure from Nintendo, who look set to announce Project Cafe at E3 next month, and Microsoft, who are believed to have already begun supplying developers with initial dev kits for the new Xbox, might well have forced their hand. [via EG]