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, says an analyst who follows the industry.
Sony "is 100 percent certain to announce the PlayStation 4" at an event on Feb 20, said Michael Pachter of Wedbush Securities in Los Angeles, citing conversations with game developers and retailers.
The company last week invited journalists and analysts to a PlayStation meeting in New York, without providing details of the agenda. Dan Race, a Sony spokesman, didn't respond to phone calls and e-mails seeking comment.
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