Sony PlayStation 4 expected at NY event Wednesday

UPDATED 16:44 PM EST, February 20, 2013

NEW YORK (AP) — Sony is expected to unveil its next-generation gaming system at a New York event Wednesday evening, a development that would give the struggling electronics company a head start over Microsoft and an Xbox 360 successor.

The PlayStation 4 would be Sony Corp.'s first major game console since the PlayStation 3 went on sale in 2006. Microsoft Corp. is expected to unveil the next Xbox in June at the E3 video game expo in Los Angeles.

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