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Microsoft, Sony Won't Release Next Generation Gaming Consoles Before 2014

Microsoft and Sony are expected to delay the launch of their next generation gaming consoles until 2014, giving the Wii 2 plenty of room to grow.

Industry sources told Kotaku that both Sony and Microsoft are trying to extend the lives of their existing gaming consoles for as long as they can before releasing new consoles.

“MS and Sony are telegraphing to each other that they're delaying, to milk the current [generation] and fill in previous craters better,” the source revealed. Other sources added that the companies might release new consoles in 2013 if they feel pushed.

This push might come in the form of Nintendo's successor to the Wii, which is expected to launch in 2012.

Another industry source thinks that if Microsoft does launch a new console in 2013, it will only be an Xbox 360 console with Kinect capabilities instead of an entirely new hardware. The same source also said that Microsoft has not even decided what hardware will feature on the new Xbox console as the company’s board is still deciding on whether to be profitable from day one.

‘Sony definitely isn't launching a successor before 2014 and could stand to benefit by having Microsoft launch first as PS3 builds into North America and builds a strong position in Europe. Microsoft claims there's a lot more room in Xbox 360 for developers to max out, but here PS3 could have a strong advantage,” a gaming industry analyst told Kotaku.