Sony unveils the PlayStation 4

The PlayStation 4 has been unveiled by Sony as a "bold step forward" for the company.

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New PS4 will be available for the holiday season

Sony have announced details of their new PlayStation 4, which will be available for the 2013 holiday season.

It is thought that Sony's latest model will pre-empt the next version of Microsoft's Xbox, putting Sony back at the top of the videogame hardware industry.

An image from Sony's new PS4 game Killzone: Shadow Fall Credit: Sony

Details of pricing have not been announced for the product that has been in development for the last five years.

Additional titles, Killzone: Shadow Fall and Driveclub have also been announced.

An image from Sony's new PS4 game Knack Credit: Sony

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