By John Davison Sony has revealed pricing and specs for its PlayStation 4, revealing its price and specifications at Gamescom in Cologne, Germany.

Speaking on stage at the event, the company said it was planning to announce the PlayStation 4 price at a later date.

“I think we will be announcing the price of the PlayStation4 at GamesCom,” said PlayStation boss Shuhei Yoshida.

“We’re planning to unveil that soon.”

The PS4 is set to launch in Japan on June 26.

The console was launched at the Tokyo Game Show in March, but it was only announced at E3.

Sony’s first-generation PS4 will run on a new architecture, codenamed Project Alloy.

The company says the new chip is up to a 25 per cent performance boost over the current generation.

It will have the ability to “upgrade” to new gaming consoles as a result of improvements to the PlayStation’s software.

The PlayStation 4’s price will be announced at a special event in September, but the console will be available to buy and rent for the first time at retail.

Sony said that PS4s with DualShock 4 controllers will be sold in Japan, although the company also said that the DualShock controller will be offered in the US and Europe at retail prices.

There will also be a limited number of PS4 accessories available, including headphones and speakers.