Sony announced the Playstation 4 at a live streamed a special event in New York on Wednesday, CNN reported.
The PS4, Sony's first major console release in seven years, was described by Sony as a "supercharged PC" with enhanced graphics and multitasking, The New York Times reported.
The console was never shown during the presentation, but Sony debuted a new slimmer controller design, The New York Times reported.
Fans were split in response towards Sony's focus on using the PS4 as a new social platform, flocking to Twitter to comment on the risk of privacy invasion and a lack of focus for what was traditionally a gaming-focused device, CNN reported.
The new system will focus more on downloadable content instead of traditional in-store games, The New York Times reported.
"The next generation doesn't start until we say it does," Kazuo Hirai, Sony's new chief executive, said as reported by The New York Times.