Microsoft and Sony are not planning to release the next Xbox or PlayStation until 2014, reports Kotaku
citing industry sources.
While rumors have Nintendo unveiling a new system
at or before the upcoming E3 conference that would come to market in 2012, its competitors appear satisfied to extend the life span of their current systems, the story says.
"Both MS and Sony are telegraphing to each other that they're delaying, to milk the current (generation) and fill in previous craters better," one insider who has worked with the first-party companies like Sony and Microsoft told us.
Neither Microsoft nor Sony would comment on rumors and speculation, but industry analyst Billy Pidgeon of the firm M2 Research
told Kotaku that "Sony definitely isn't launching a successor before 2014 and ... Microsoft claims there's a lot more room in Xbox 360 for developers to max out, but here PS3 could have a strong advantage."
However, should Nintendo's new high-def system be a hit, Pidgeon said, "Microsoft and Sony will quickly get a lot more serious about next generation."