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Sony unveils PlayStation 4

Video game designer Mark Cerny talks about the

Video game designer Mark Cerny talks about the new controller as Sony introduces the PS4. (Getty) Credit: Video game designer Mark Cerny talks about the new controller as Sony introduces the PS4. (Getty)

Sony took the wraps off its next-generation video game console PlayStation 4 Wednesday, scheduling it for a holiday 2013 release.

The company revealed the new console, which will succeed the 7-year-old PlayStation 3, in New York. The PS4 will allow users to stream and play video games hosted on servers.

The system's DualShock 4 controller will have a touch pad, lead system architect Mark Cerny said.

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