According to a report in the Game Informer magazine, the next generation Xbox and Playstation may be unveiled in March this year. The report suggests both companies are planning press conferences close to the Game Developer Conference 2013 that takes place in late May. This would allow next-generation titles to be demonstrated at the E3 consumer gaming expo in June.
This would also enable the consoles to be released to the market at the end of the year, however some reports indicate that Sony intending to release the next-generation PlayStation before Microsoft release the Xbox. The Game Informer report contradicts many other rumours, including a number of comments made by a Sony Executive, that gamers waiting to hear about the next generation PlayStation would have to wait until at least May.