The plan is to hold the conferences sometime around the Game Developers’ Conference, which is held this year March 25-29 in San Francisco. This was told in a Game Informer report, via Videogamer.
‘E3 in June may be the industry's biggest event, but both companies want to give their systems their own limelight,’ the report reads. ‘That doesn't mean E3 won't be without its surprises. Next-gen games will be announced at the convention in preparation for the systems' release at the end of the year.’
It is also predicted, in a note delivered by Robert W. Baird analyst Colin Sebastian to investors on Jan. 14, that Sony is planning on releasing the PS4 ahead of the Xbox 720. ‘We hear that Sony in particular is determined not to come out last this time like the PlayStation 3 did this generation, so we'll have to see how soon it can get the PlayStation 4 out the door, and whether Microsoft is motivated to prevent this from happening,’ the report continues.
And yet, it may be noted that Sony has encountered production snags in the PS4 development that may hinder its being released by a certain—possibly too-soon—date.
For more information, check out the article on Gamespot by Eddie Makuch. Also, for more information on the prices of the systems, as also predicted in the report, check out my other article.