Andrew House, president and group chief executive officer of Sony Computer Entertainment Inc., left, passes the company's PlayStation 4 console to a designer during the Sony Corp. E3 media event in Los Angeles, California, U.S., on Monday, June 10, 2013. Sony Corp. took the wraps off the PlayStation 4, its first new console in seven years, promising original content and fresh titles will revitalize demand and spark a comeback for the video-game industry it once dominated. Photographer: Patrick T. Fallon/Bloomberg *** Local Caption *** Andrew House 1237341.jpg
Jack Tretton, chief executive officer of Sony Computer Entertainment America Inc, in front of a display of video game titles for the PlayStation 4. Patrick T Fallon / Bloomberg
Jack Tretton, chief executive officer of Sony Computer Entertainment America Inc., talks about the company's PlayStation Vita handheld gaming console. Patrick T Fallon / Bloomberg
Attendees at the Sony Corp. E3 media event in Los Angeles. Patrick T Fallon / Bloomberg
Shuhei Yoshida, president of Worldwide Studios at Sony Computer Entertainment Inc, speaks during the media event in Los Angeles. Patrick T Fallon / Bloomberg
The game controller for a PlayStation 4 console. Patrick T Fallon / Bloomberg
CEO Andrew House announces the pricing for the new PlayStation 4 at the Sony press conference in Los Angeles. House said that the new PlayStation 4 will cost USD $399 (Dh1,465) and it will be available in time for the 2013 holiday season. Robyn Beck / AFP
Sony Computer Entertainment president and CEO Andrew House introduces the new PlayStation 4. Jae C. Hong / AP Photo
Writers use computers during the Sony news conference show. David McNew / Reuters
Game developers demonstrate Destiny at the Sony news conference. David McNew / Reuters
Adam Boyes, the Sony Computer Entertainment Inc vice president of third party relations, addresses the Sony news conference. David McNew / Reuters
The audience watches Miami Heat star LeBron James in a game demonstration at the Sony news conference. David McNew / Reuters