Microsoft and Sony to Reveal Next-Gen Consoles

The Xbox 360 (NASDAQ:MSFT) successor and a follow up to Sony’s (NYSE:SNE) PS3 will likely be unveiled at E3 2012. The teaser will come as Wii U provides more details about it’s app system — a move which should ensure no ground is lost between the competing consoles.

Microsoft (NASDAQ:MSFT) has long been rumored to detail its next-generation plans at E3 2012. The 360 is one of the longest-serving games consoles in history. But the real surprise is an early move from Sony (NYSE:SNE). Executives at the Sony PlayStation offices have made it clear to third parties they will not be left behind this time.

“Execs aren’t expecting price or launch details for the new Xbox or PlayStation. But their unveiling could be a perfect spoiler to the pre-Christmas launch date and price that will be revealed for Wii U in June,” according to MCV.

Here’s how console makers’ shares reacted to the news:

Microsoft Corporation (NASDAQ:MSFT): MSFT shares recently traded at $28.11, up $0.43, or 1.55%. They have traded in a 52-week range of $23.65 to $29.46.

Sony Corporation (NYSE:SNE): SNE shares recently traded at $17.44, down $0.26, or 1.47%. They have traded in a 52-week range of $16.16 to $36.97.