Xbox 720, PS4 Rumors: Release Date Set For 2014

By O'Jay Burgess on Dec 11, 2012 05:16 PM EST

As the days and weeks roll on, speculation over the Playstation 4 and Microsoft's Xbox 720 continues to intensify with the latest bit of news saying the two devices will likely make their appearances in 2014.

The Wii U launched in November, and according to some experts, is not as powerful as it should be. Reports earlier in the month suggested that the two devices, which are locked in an arms race were set for release during the  holiday season in 2013, but SemiAccurate is reports different.

According to the website, Fall 2014 is when fans will see the new Sony and Microsoft hardware.

SemiAccurate reports the codename for the new Xbox device is called "Kryptos." The PS4's codename "Orbis" was released earlier this year, but now, the system may be going under the name of "Thebes."

Outside codenames and speculation over the release date, specs of the two systems were also rumored. According to SemiAccurate the PS4 will reportedly have a 28-nanometer AMD chipset and will be produced by IBM or Global Foundries.

While the Xbox 720 will carry a Blu-ray disc drive, Kinect 2.0, directional audio, TV output and input, an "innovative controller" and support for augmented reality glasses - all packaged in a magnesium alloy shell that will supposedly use the same patented "VaporMg" process found on the Microsoft Surface  according to Xbox World.

The reasons behind the two delays are unclear but PS4 officials had said earlier in the year that resources were scanty at the time.

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