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Sony unveils PlayStation 4 in New York

NEW YORK -- Sony Computer Entertainment unveiled its next generation PlayStation 4 on Wednesday, calling the device the industry’s “most personalized gaming experience.” Sony boasted of more power, faster response time, higher performance, better playability and the increased mobility to “take gaming out of the living room.”

Before an invited audience of 1,200, Sony executives and game designers -- via videotaped messages -- discussed statistics and showed how the new game controller uses “cloud” processes to bring gamers a heightened experience and better facilitate game-sharing.

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The executives said Sony had just green-lit a program to build the world’s fastest gaming network. This would fulfill the promise, the game designers said, of zero “lag time” and zero “start-up time” with the new device.

Unconfirmed rumors had put the price point for the new game controller at around $429.

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