Taiwan based hardware component makers have revealed that Sony is all set to begin the production of PS4 (PlayStation 4) by end of 2011 and the console may launch in 2012. The planned shipment volume is 20 million units. It may also have a Kinect like technology to boost hands-free gaming.

So should you stop your PS3 acquisition plans? We'll say no. Unless we confirm the news from other authentic sources.

Via: Sony to start production of PS4 at end of 2011, say Taiwan makers