Sources close to Sony and the PS4 teams have told us that initial plans were to announce the PS4 for the Tokyo Game Show 2012, back in October. But some issues and a lack of launch titles are preventing this from happening.
Sony has been in the red financially for years now, and has been showing a lack of innovation recently according to financial analysts. While Nintendo is becoming less and less relevant, and players are demanding more and more to have one single device in the living room, Sony is not only competing against Microsfot, but also against new players such as Apple and Google who offer smart TV solutions.
As a result, the PS4 could be the device that saves Sony (gaming is one of the few sections that is still profitable at Sony). According to our sources, Sony wanted to be the first company to announce a next generation console (and we’ll all agree gere that the Wii U is *not* a next-gen device), and has been preparing a lot for it. Both Sony and Microsoft are expected to announce their new consoles at E3 2013, but it seems Sony was secretly trying to reach for 2012…
Sadly, it seems so far the PS4 has only 5 launch titles in the work, which would have made for a poor announcement, and Sony decided to postpone. Even worse, it seems Sony have been in conflict with Polyphony regarding the schedule of the next Gran Turismo game, which will most likely not be ready for the PS4 launch despite initial agreements between the two companies.
It is now more than likely that Sony will not announce the PS4 before E3 2013.