Sony's next-generation gaming console PlayStation 4 might be launched in October or November, said Michael Pachter, Wedbush Securities analyst.
In an interview with Play Magazine, Pachter said, "I don't think Sony wants to launch behind Microsoft again, so I'm confident we'll see a PlayStation 4 in October or November 2013."
"It isn't likely that they will launch earlier, as it doesn't make sense to get out too far in front of software, and I'm pretty confident that few developers have been working on PlayStation 4 games for more than a year or so. Holiday 2013 will be a comfortable window for Sony, and will give them a chance to get a head start on Microsoft," he added, NOWGamer reported.
According to Pachter, PlayStation 3 will continue to be in sale even after the arrival of PlayStation 4.
"The PlayStation probably has a solid three years left for sales, so it should make it comfortably to a 10-year life span," he continued. "There are a lot of people who are uncomfortable spending $250 for a console, so I think price cuts to the $199, $149 and $99 will extend the life of a console."
Various rumors of the next-generation console from Sony have surfaced on the Internet. The console has been codenamed "Orbis" by Sony. Recently, there was speculation that the console might be unveiled during the E3 2013.