Will the successor to PS3 be unveiled on February 20?

The latest PS4 rumours indicate that the launch of PlayStation 4 might take place at a major PlayStation meeting that has been announced by Sony to be held at New York on February 20. The latest PS4 rumours ignited fresh interest in gamers, who are eagerly awaiting the PS4 release, which is an upgraded version to the ageing PS3 console.

Sony declined to confirm the PS4 rumours and said that the event would entail talk about the PlayStation business. There are heavy indications that the time is right for the PS4 launch owing to various reasons. For one, the first three PlayStation consoles were launched six years apart – in 1994, 2000 and 2006, which makes this an opportune time to launch PS4.

Sony has also announced the stoppage of PS2 console production, leading many to believe that the company will provide PS4 specification details in the February 20 event. With the release of Nintendo’s Wii U console and the next generation Microsoft Xbox, the time seems just right for Sony to unveil the next version of PlayStation.

The PS4 rumours are strengthening as Sony has previously used meetings as a platform to showcase prototypes or detail specifications. In January 2011, Sony displayed a version of its handheld PS Vita console, and early in 2005 revealed a concept version of the PlayStation 3. Similarly, the PS2′s first public showing came at a 1999 meeting.

Sony Computer Entertainment (SCE) has posted a cryptic video with the date February 20 and time 6pm, with four signs that appear on PlayStation gaming controllers. The web page titled ‘Meeting 2013′ is about the PlayStation meeting to be held in New York on the said date.

Sony executives – CEO Kazuo Hirai and SCE CEO Andrew House, have refused to confirm that the February 20 event would be a launch platform for PS4. The executives even declined to provide information on potential launch dates for PS4 console in recent months, noting that the PS3 is selling well and is profitable after years of selling at a loss.