Amidst the bad news about its earnings, Sony said it’s developing a new PlayStation console. (Kiyoshi Ota/BLOOMBERG)

Chief financial officer Masaru Kato said on the call that Sony’s development work for the next PlayStation and is incurring research and development costs for the console.

He said he could not discuss when the console would be released.

VentureBeat said the fact that Sony is looking at rising costs could indicate that it’s developing new chips.

While Nintendo is planning a new Wii for June, Kotaku reported last month that Sony and Microsoft aren’t expected to launch their next generation consoles until 2014. The PlayStation 3 came out in 2006.

While Sony projected a net loss of $3.1 billion, its Networked Products and Services division — which includes gaming — saw a $429 million profit.

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