Between some high and lows in the gaming industry, we are hearing all kinds of things. The gaming industry has been hit hard during tough economic times and there is absolutely no doubt about that but that hasn’t stopped publishers to release games, gamers to buy games and companies to manufacture consoles.

Between all new game releases, we have heard that the PlayStation 4, the successor to PlayStation 3, will make its arrival in the market next year. We don’t know how the gaming industry will be performing by then but the PlayStation 4 will become a hit, suggest some sources known to the matter. The sources’ comments came while they spoke to Wall Street Journal.

Earlier this week, we heard about an extremely thin PlayStation console, which will be devoid of disk and will work through the cloud, meaning that it will have a cloud based system. However, the news wasn’t taken politely by critics, who criticized the upcoming PlayStation 4 console upon hearing its features.

PlayStation 4 has been criticized just as PlayStation Go was, after its release. The PSP Go offered downloadable content only and one couldn’t use physical games on the console.

The sources who spoke about PlayStation 4 and earlier its cloud based system, later suggested that Sony might get rid of the cloud based system completely, in the upcoming console. Moreover, the same sources have also suggested that the PlayStation 4 will make its arrival next year.

We are not sure how the PlayStation 4 will look like or whether Sony will actually release a new console by the start of next year but some analyst in the last few weeks have said that an early 2013 release is the best time for Sony to release a new console. They have also said that the same time will also be a good time for Microsoft to release its Xbox 720.

Previously, a designer, Joseph Dumary had come up with a futuristic design of the PlayStation 4 concept. He designed the console last year and he imagines it to be made up of 60 percent recyclable materials and use only 0 watts of energy in standby mode; the design and details of the futuristic PSP 4 of Joseph Dumary were reported by SlashGear and though we aren’t sure whether the new PSP will bear any similarity to the design Dumary came up with last year, here is a picture to show his vision of the upcoming console.

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