When the PlayStation 4 was first revealed by Sony, two main contentions came up that have yet to be clarified: What does it look like and how much will it cost? Back in February we had written an in-depth article on how much the PlayStation 4 should cost. And majority of your said it will be around the region of $400 to $500.

Sony Worldwide Studios vice president Michael has spoken about how pricing affects the technology inherent in a new console.

“I guess the first thing to say is that we listen and learn and take the judgement from every console launch we ever have and we have to be informed by what the strengths of our PlayStation 3 system have been, but also the challenges of that.

“We want a system that can reach as broad a gaming audience as possible but whilst being a system that’s deep, connected, rich and immersive and is going to give a very focused and differentiated experience than anything else that’s out there.”

As to whether they learned any lessons from the PS3 and whether the PS4 would have a more competitive price when it launched, Denny stated that, “There’s plenty of time, we’ve got lots of information yet to give out on PlayStation 4. The initial announcement phase that we’re in now is just to explain the vision to everybody.

“Part of that vision is we have created a console absolutely focused on gamers – and we want that to be gamers in the broadest sense as well. I think to some extent I can ask you to draw your own conclusions, ” he said to EDGE.

Sony’s PlayStation 4 is currently set for a Holiday 2013 release. It will supposedly have a AAA franchises at launch day. We will know more when E3 approaches this June.

Let us know your thoughts in the comments section below.

SOURCE: GamingBolt.com: Video Game News, Reviews, Previews and Blog