The successor to the PlayStation 3 will be formally unveiled at the Destination PlayStation event in February 2013, claims Expert Reviews.
According to the report, Sony hopes that an early reveal for the PlayStation 4 – which is rumored to be codenamed Orbis – will cool hype for Microsoft’s new Xbox console.
Expert Reviews believes that Sony’s rival will launch its new console this year, while PS4 will be released in 2014.
Nothing much is known about Sony's next-generation console as of yet, though reports have suggested it will block the use of second hand games and is unlikely to be called PS4.
Microsoft is supposedly gearing up for an E3 reveal for the Xbox 720 after the console maker posted a countdown to the show last week.
Stay tuned to PSU.com for more details.