Playstation 4 launched

PlayStation 4's lead system architect Mark Cerny speaks during the unveiling of the PlayStation 4 launch event in New York. Photo by Reuters
PlayStation 4's lead system architect Mark Cerny speaks during the unveiling of the PlayStation 4 launch event in New York. Photo by Reuters

Sony has unveiled its next-generation video game console, the PlayStation 4, that will allow users to stream and play video games hosted on servers.

The company revealed the new console, which will succeed the seven-year-old PlayStation 3, in New York.

The controller dubbed "DualShock 4" will have a touch pad, Mark Cerny, lead system architect on PlayStation 4, said.

Sony purchased US cloud-based gaming company Gaikai for $US380 million in July. Using that technology, the new console will offer a cloud-gaming service, the company said.

The 8GB PlayStation 4 can also instantly stream game content from the console to Sony's handheld PlayStation Vita through a feature called "Remote Play," the company said.

Sony has also revamped the user interface on the new console that keeps tabs on user preferences and added social networking features.