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Sony announces PlayStation 4 console

Sony has announced its next-generation gaming console - the PlayStation 4 - at an event in New York. Its new hardware is designed to offer superior graphics as well as new social features including the sharing of recorded gameplay clips. It will succeed the PlayStation 3, which went on sale in 2006 and has sold about 75 million units. The PS4 will eventually compete against Microsoft's still-to-be-unveiled Xbox 360 successor and Nintendo's Wii U.

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