Why there’s no PS4 or Xbox 720 yet
The lingering recession and rising game development costs are partially to blame for the lack of new machines. As game systems have matured, the cost of making triple-A games has soared. Tent pole titles now cost (on average) between $20 million and $40 million — and there are some extreme examples, like Rockstar Games' blockbusters "Red Dead Redemption" and "GTA IV," that have reportedly sailed past the $100 million mark.
Next-gen games will cost even more. With publishers struggling to achieve a profit in the current economy, no one is in a hurry to add to their expense sheet.
Console manufacturers are no different.
