With the Wii U being the headline act from Nintendo at E3 this year, many people have wondered if their competition, Microsoft and Sony, will respond with new systems of their own. Rumors have been flying regarding both the Xbox 720 and the PS4, who’s developing for what system, when they’ll be announced, and similar speculation. Recently, Sony Computer Entertainment America president Jack Tretton shot down these rumors about a PS4, saying that the Wii U wasn’t a threat.

Tretton explained in an interview with Forbes that Sony isn’t intimidated by the Wii U since they don’t see the device doing anything new, and therefore don’t feel any more pressure tochange their current business plan.

Tretton also claimed that most of the features of Nintendo’s system – besides the touch screen mechanics – were already included in the PS3 at its launch back in 2006. In reality, Nintendo is just catching up to them, not blazing a trail.

In addition to that, Tretton feels that the PS3 is just hitting its stride with gamers, and the success the company is enjoying isn’t a sign to change anything. Considering the massive investment that Sony took before launching the console, their risk is continuing to pay dividends today:

“What we’ve seen from the competition is trying to add features that already exist in PlayStation 3. We invested heavily in that, we rolled a very heavy rock up a steep hill, through the launch period. But now I think that all pays off, and we’ve got a long run way behind it. So, I wouldn’t look for any discussion of a next generation PlayStation for quite some time.”

Certainly a bold statement from Sony, but they do have a point. Focusing on an entirely new system just because Nintendo is making one doesn’t seem like too wise a business decision, especially with Sony’s new focus on the Vita as their primary objective.

Still, these comments don’t dispel the rumors of Microsoft developing the a new Xbox, if Crytek developing a game for the system is to be believed. If there is any truth to that story, then Sony might wind up being pushed into making a new system as well.

What do you think? Has Sony made the right decision in holding off on developing the PS4 for now? Is Sony right in saying that Nintendo is just now catching up to them? Leave us your thoughts in the comments.

Source: Forbes

tags: Nintendo, PS4, Sony, Vita, Wii U