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The PlayStation 4 Neo

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In an interview with The Financial Times , president and global chief executive of Sony Interactive Entertainment, Andrew House, says the new console will cost more than the standard $350 PS4, and is aimed to sit alongside the current model.“It is intended to sit alongside and complement the standard PS4,” says House. “We will be selling both [versions] through the life cycle.”While House dodged questions about when Sony plans to release the new console and how much it’ll cost, he did explain why it will not be at E3:“We want to ensure we have a full range of the best experiences on the new system that we can showcase in their entirety.”House goes on to confirm some of what we’d already heard: All games will support both the standard PS4 and PS4 Neo, and both consoles will support PlayStation VR.As with the current PS4, House says the new console will be profitable at launch, as opposed to Sony losing money on the console with the hopes of creating profit through software, the PSN, and platform fees.As always, if you’d like to see every PS4 Neo rumour to date , and its specifications , IGN’s got a wiki just for that.

Wesley Copeland is a freelance news writer who writes terrible bios, and is in E3-hype-mode. For more obvious statements and video game chat, you should probably follow him on Twitter