The rumored PlayStation 3 4000 series will not be announced at Sony’s August 14 Gamescom press conference, according to a VG247 source.
A Gamescom reveal was originally planned, but due to the current PlayStation 3 slim’s stock levels being too high, Sony has postponed the announcement.
The source confirmed to the site, however, that the rumored 16 gigabyte version of the PlayStation 3 4000 is being produced, and that it wasn’t a typo for a 160 gigabyte model. It is being created to go up against Microsoft’s 4 gigabyte Xbox 360 model, and its announcement “may” be accompanied by a huge price cut, possibly as low as $99.