As reported earlier, Sony teased it will have a big announcement on February 20th, 2013. The Wall Street Journal has reported that Sony is indeed revealing the PS4 at this date.
The Wall Street Journal says:
“People familiar with the matter have said the new device will make its debut there, beating Microsoft Corp. to the punch in announcing its own next-generation game machine.”
What’s even more interesting is that they say the PS4 will be released in time for the Holidays later this year. They also say that it will go head-to-head with Microsoft’s new console as well which is expected to be out around the same time.
In either case, it appears Sony wants to release the PS4 before Microsoft releases the Xbox 720. Microsoft might reveal its next console at E3 since Sony is revealing the PS4 earlier than expected.
Source: Wall Street Journal