Sony Said to Be Prepping PlayStation 4 to Keep Consoles Relevant

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Sony Corp., trying to reverse a two-year decline in PlayStation sales, is prepping a powerful new version of the home console to deliver more realistic games and entertainment features, an analyst said.

Sony “is 100 percent certain to announce the PlayStation 4” at a Feb. 20 event, Michael Pachter, an analyst with Wedbush Securities in Los Angeles, said yesterday, citing his checks with game developers and retailers.