UPDATE: Innelec has issued a statement denying that it knows anything about the launch of PlayStation Neo. In the statement, posted on afjv.com and translated by Google, Innelec says:

"Innelec denies any official information about the launch of a PS4K Neo. It is possible that during the 2016/2017 fiscal developments exist on the current PS4 [but] for the moment we have no information about the nature of them."

ORIGINAL STORY: Sony's upgraded PS4 console, reportedly codenamed Neo, will release before October, according to French video games distributor Innelec Multimedia.

The release window was reportedly mentioned in a press release announcing Innelec's FY16 earnings results, where it states that an "evolution" of Sony's PS4 console, which it refers to as "Neo 4K", will arrive during the first half of its current financial year.

Innelec's financial year runs from April 2016-March 2017, suggesting the console will arrive at some point between now and the end of September 2016. It was rumoured yesterday that the console could be revealed at TGS this September, alongside the Nintendo NX.

Innelec's press release doesn't seem to be available on its website, but parts of it have been reproduced on stocks website Boursier.com, suggesting it's legit. It's also been uploaded by French blog otaxou.fr.

Sony has yet to announce an upgraded PS4 console, although rumours point to new hardware featuring an improved GPU, CPU and memory. PS4 games will also allegedly be required to be 'Neo-ready' from October.

Last night, Ubisoft said that it expects to see another console generation ahead of entirely new consoles.

Source: boursier.com, otaxou.fr