In an investors’ conference call conducted on Wednesday, Sony executive vice president and chief financial officer Masaru Kato declared that Sony is now working on its PlayStation.  The announcement came after Nintendo confirmed that “Project Cafe”, its forthcoming gaming console, will be released by next month, during the E3 2011.

The company’s research and development costs have been growing, and when asked about it, Kato puts the blame on the PS3’s successor who had a big spending spree.  Kato said, “For the home equipment the PS3 still has a product life.  But this is a platform business, so for . . . → Read More: Sony Confirms the Development of Playstation 4