Sony first released the PlayStation 4 in November 2013 and since then the console had enjoyed massive success. Almost three years after its first release, rumors are brewing that Sony is prepping for the release of an upgraded and highly powerful version of the PlayStation 4 console.

Sony is yet to officially admit that a new PlayStation 4 model is really in development. However, several evidence and leaks have lead many tech analysts to believe that Sony have been working under the radar in order to keep the project as secret as possible.

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According to The Wall Street Journal, Sony might even release the upgraded PlayStation 4 console ahead of its highly anticipated virtual reality headset, the PlayStation VR. Sources confirmed to the WSJ that Sony wants to release a new and improved console, but will not replace the PlayStation 4 as its flagship device on the platform.

The upcoming console is expected to be called PlayStation 4.5 or PlayStation 4K and it might hit the shelves this fall. According to Wired, the rumored upgraded PlayStation 4 console is capable of playing 4K movies and contents.

Several tech analysts agree that the current generation PlayStation console can easily handle 4K gaming or even virtual reality environments. However, as game developers continue to push the boundaries of gaming with titles such as the remastered version of "Gears of War: Ultimate Edition," current-gen consoles are not optimized to handle such high-end titles.

Moreover, experts agree that an upgraded PlayStation 4 means that it will be future-proofed for more advanced virtual reality contents. It is true that the current generation PlayStation 4 can pretty much handle the computing and graphical demands of virtual reality, but as the platform continues to grow exponentially by the day, it will not take long until the PlayStation 4 will be outdated in terms of virtual reality.

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