There are two consoles which are expected to be launched soon. One is the Microsoft next generation of Xbox and Sony’s PlayStation 4.
Sony has released a 45 second clip on YouTube features an animation of the console's controller symnols and the clip ends with the date 'Feb 20th 2013.'
The teaser and fuelled speculation that the company is set to announce the PlayStation 4 on that day.
Back in 2005 Similar event showed off the PlayStation 3. Sony spokesman has refused to comment regarding the event.
However Sony’s global chief executive said that the company has no plans to reveal their successor to the PlayStation 3, before Microsoft shows off their new Xbox.
He said “Why go first when your competitors can look at your specifications and come up with something better?”
Larry Hryb, Xbox’s director of programming, has recently posted a countdown clock to June's E3 games show on his blog.
As we all know that new consoles are normally revealed at the Electronic Entertainment Expo (E3) in Los Angeles which is in June.