PlayStation Neo release date, specs news 2016: New console to arrive during Q3?

Many fans were left disappointed when the Japanese electronics giant, Sony failed to announce the upcoming release of PlayStation Neo at the recently concluded Electronic Entertainment Expo or E3 2016. However, some fans and critics believe that the highly anticipated console will still come out before the year ends.

According to the latest reports, Sony PlayStation Neo will be released this year. There are speculations that Sony will host a big launching of the new device in the third quarter of 2016. The reports added that the new upgraded console will compete with Microsoft's rumored upcoming device called Project Scorpio, which is also expected to launch in 2017.

Despite the rampant rumors regarding the Sony PlayStation Neo, the company has yet to confirm the development of the device. Sony has continued to remain silent about its release and refuses to provide significant details on what exactly it is all about.

According to a report by GiantBomb, fans will definitely enjoy the new Sony console as it promises to bring advanced specs and features including an improved GPU, a higher processor clock speed, higher system memory compared to the current PlayStation 4. The device is said to run at 2.1 GHz using eight Jaguar CPU cores.

There are also reports suggesting that the Playstation Neo will support 4K resolution, a technology that is currently being used on newer TV sets. If rumors prove to be true, the new console will certainly change the gaming industry overnight.

The only concern comes from the millions of PlayStation 4 owners who suspect that releasing a new console less than 3 years after the current one got rolled out may turn their device obsolete.

Meanwhile, industry observers predicted that the upcoming PlayStation Neo will be priced at $399.

As of the moment, fans will have to stay tuned for more updates regarding the development and release date of PlayStation Neo.