• PlayStation 4 Pro is no match for the most powerful Xbox Project Scorpio

PlayStation 4 Pro is no match for the most powerful Xbox Project Scorpio (Photo : YouTube/ LS Shady)

Sony is rumored to release the PlayStation 4 Neo this year or in early 2017, coming with decent specifications as an essential upgrade version of the existing PlayStation 4 and giving a particular emphasis on supporting 4K and virtual reality gaming.

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According to MobiPicker, PS4 Neo will pack more horse power than both the PlayStation Slim and the original console. It will also probably be smaller than the current PS4 but definitely bigger than the Slim.

ValueWalk reported that this upgraded console will utilize upgraded AMD architecture, built using an innovative new process. Updates to the internal chipset of the PlayStation 4 Neo will also ensure that it improves performance significantly over the existing PlayStation 4.

PS4 Neo's CPU features the same "Jaguar" core as the original PS4, but at a higher frequency. It will have eight cores at 2.1 GHZ, which is 1.3x faster. The GPU uses improved version of AMD GCN CUs, featuring 36 CUs at 911 MHz (2.3X FLOPs).

Memory bandwidth will also be increased from 176 GB/s to 218GB/s, with the GPU actually receiving the largest upgrade, doubling compute units from 18 to 36.

More so, the new PlayStation 4 Neo console will offer an Ultra HD Blu-ray player drive, as Sony has already released a lot of its movies in this format. While reports also claimed that the Neo will come with HDMI 2.0 and HDCP 2.2 alongside an upgraded processor and GPU hat could support 4K video and gaming experience.

Meanwhile, president and global chief executive of Sony Interactive Entertainment Andrew House said that the reason why the new console skipped the year's E3 gaming expo was "to ensure we have a full range of the best experiences on the new system that we can showcase in their entirety."

Now, sources suggest that Sony's PlayStation Virtual Reality (VR) headset, which is scheduled for release on Oct. 16, might have urged the company to create the PS4 Neo.

Meanwhile, the Neo could have a price of $400 to $500, while the Slim will be sitting at around $350 and could drop as low as $250.