Sony has confirmed that PS4 Neo is in development, an upgraded version of the existing PS4 console.
In a recent interview with the Financial Times, Sony Interactive Entertainment president Andrew House told the outlet that the PS4 Neo will be “more expensive than the current $350 version”.
"The new console is intended to sit alongside and complement the standard PS4,” House said. “We will be selling both [versions] through the life cycle.”
Watch: Everything you need to know about the PS4 Neo
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However, the new console will not be revealed at E3 2016, like many people had expected. Sony is not ready to announce a potential release date or price for the console either.
“All games will support the standard PS4 and we anticipate all or a very large majority of games will also support the high-end PS4.”
According to House, the new console will target hardcore gamers with a keen interest in 4K content, as they will require a 4K television to get the most out of the system.
Video: Should you buy a PS4 Neo?
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