GameStop: No PS4, Xbox 720 until 2014

U.S. retail behemoth GameStop reckons Sony and Microsoft won’t release their next generation consoles until 2014.

Elsewhere, the firm also sounded pretty optimistic in regards to Sony’s upcoming PlayStation Vita, and reckons the handheld’s $249 price tag is spot on.

"Management does not expect new hardware consoles from Microsoft and Sony until 2014; however, a successful launch of Nintendo’s Wii U in 2012 could add pressure to accelerate a hardware refresh,” said the company.

"GameStop is also upbeat on the coming launch of Sony’s PlayStation Vita handheld gaming device, which has a $249 price-point within the reach of many gamers."