Gaming blog Kotaku reports that Microsoft and Sony are planning to hold off launching a new console until 2014 due to strong Xbox 360 and PS3 sales.

Hope you're not bored playing your 6-year-old Xbox 360 or 5-year-old PlayStation 3 just yet.

Gaming blog Kotaku reports that Microsoft and Sony aren't launching a new console until 2014, due to strong Xbox 360 and PS3 sales.

"Both MS and Sony are telegraphing to each other that they're delaying, to milk the current [generation] and fill in previous craters better," said an anonymous source, who Kotaku described as an "insider who has worked with the first-party companies like Sony and Microsoft."

Microsoft launched the , while Sony unveiled the . So based on the traditional five-year lifecycle of gaming consoles, a refresh is due this year.

However, both companies appear to be enjoying strong console sales. Last week, Sony reported that it has sold since 2006, despite taking a reputation hit with all the PS3 hacker lawsuits. NPD recently called Microsoft's Xbox 360 the during the non-holiday months, thanks to the launch of the Kinect motion sensor. Furthermore, in March Microsoft announced that it had sold more than 10 million Kinect sensors since November, earning it a Guinness World Record for fastest-selling consumer electronics device.

Speaking to another "insider," Kotaku reports that Microsoft will likely push out Kinect upgrades rather than release an entirely new console. The source also said Microsoft hasn't decided what will be the "next big thing" in its next-generation console.

Does anybody? In March Nintendo USA president Reggie Fils-Aime as the killer app in its next-generation console.

Meanwhile, there are that Nintendo is announcing its next-generation console this June at the E3 Expo in Los Angeles, suggesting a potential launch in 2012.