Sony has announced the PlayStation 4 will be released later this year.
The announcement was made during the publisher's PlayStation Meeting 2013, broadcast live from New York.
Current president and group CEO of Sony Computer Entertainment Andrew House and lead system architect Mark Cerny presented the new console, which will have an X86 CPU, an enhanced PC GPU graphics processor, 8GB of system memory, local storage HDD, and a graphics card with GDDR5 memory.
The PS4 will also feature a new DualShock 4 controller with enhanced rumble capabilities, a touch pad, a share button, a headset jack, and a dual camera that senses the position of the controller.
Sony announced the PlayStation 4 will launch holiday 2013.