Sony Corp. this week announced the Playstation 4, the latest hardware entry in the Playstation business.

The hardware will utilize a PC-like architecture with a x86-based CPU, PC GPU, 8GB RAM, and large local storage. The company did not provide specifications, though previous reports claim the hardware will utilize CPU and GPU technology by AMD.

The DualShock 4 controller will include a new touch pad, share button, headphone jack, and light bar that will interact with a new camera to track the controller.

New technology will allow the PS4 to play partially downloaded titles while the remaining portion downloads in the background. In addition, users can share screenshots, live stream friend’s games, or have a friend remotely take over the controller to assist in a game.

Users can also stream PS4 titles to the PS Vita to continue play.

The PS4 will not be backwards compatible with previous PS3, PS2 or PSone titles, but Gaikai hinted at cloud technology that would enable users to play prior Playstation titles on the platform.

New titles announced for the PS4 include Killzone Shadow Fall, Driveclub, Infamous: Second Son, and The Witness.

Third-party titles include Capcom Co.’s Deep Down, Square Enix Holdings Co.’s Final Fantasy, Ubisoft Inc.’s Watch Dogs, and Activision Blizzard Inc.’s Diablo III and Destiny.

Sony this week released the Announcement Trailer for Killzone Shadow Fall for the Playstation 4.

The trailer includes an overview of the story and cinematic visuals from the Playstation Meeting preview.

Killzone Shadow Fall is set thirty years after the events of the Killzone trilogy.

The two rival factions of the Helghast and the Vektans live side by side in a futuristic city, divided by a vast wall. A Shadow Marshall must maintain the balance between the two former enemies.

Sony this week released the Announcement Trailer for Knack for the Playstation 4.

The trailer introduces Knack, an unlikely hero is called upon to protect mankind from a dangerous threat.

Sony this week released the Announcement Trailer for Driveclub for the Playstation 4.

The trailer features a preview of the realistic vehicle and track detail to be found in the final game.

Developed by Evolution Studios, Driveclub is a racing simulation title that features social networking functionality to allow users to form racing groups and race with friends.

Capcom Co. this week released the Announcement Trailer for Deep Down for the Playstation 4.

The trailer features a knight who battles a dragon in an underground lair against impressive visual and lighting effects.

Deep Down is a new action role-playing IP that utilizes a brand new in-development engine called Panta Rhei.

Ubisoft Inc. this week released the Announcement Trailer for Watch Dogs for the Playstation 4.

The trailer includes gameplay demonstration of the main character hunting down a criminal by hacking all electronic device around him.

Sales for the Playstation 3 ranked second in Japan in the latest retail figures for the region.

Media Create Co. this month reported the PS3 sold 16,934 units between Feb. 11 and Feb. 17 to rank No. 2 in overall hardware sales.

By comparison, the hardware 17,004 units the week prior.

Activision Blizzard Inc.’s Call of Duty: Black Ops II – Dubbed Edition ranked as the No. 15 best-selling title for the week.

Sales for the Playstation Vita fell in the latest retail data from Japan.

Media Create Co. this month said the PS Vita sold 8,044 units between Feb. 11 and Feb. 17 to rank as the No. 5 hardware for the week.

By comparison, the hardware sold 8,762 the week prior.

The hardware did not rank any titles in the top 10 for the week.

Meanwhile, the PSP sold 10,501 units to rank at No. 4 in the same period.

Sony this week price cut Playstation Vita in Japan following a lowered sales forecast for the struggling handheld.

This week, the company decreased the PS Vita 3G SKU to 19,980 yen, $110 off the previous 29,980 yen price.

Sega Corp.’s Vanquish is now available in the Playstation Plus Instant Game Collection.

Vanquish is a sci-fi third-person shooter title that includes fast gameplay and open environments.

Sales for Microsoft Corp.’s Xbox 360 hardware fell to nearly 500 units in new sales data from Japan.

Media Create Co. this month reported that the Xbox 360 sold 506 units between Feb. 11 and Feb. 17 to rank No. 7 in overall sales.

By comparison, the hardware sold 593 units the week prior.

The hardware did not rank any software in the top 10 game sales.

Bungie Inc. this week released details for its original IP first-person shooter Destiny.

Destiny tells the story of a thriving civilization that has been destroyed. Survivors built a town beneath the old world which has since become filled with deadly foes. Users take the role of a Guardian to reclaim Earth and defeat all enemies.

The title is an online-only first-person shooter that will require a persistent online connection. The massive multiplayer online shooter will include an open-world universe in which users can meet in public zones to meet with other players for co-op action.

The final game will include full character customization, various classes, races, ships that can be customized, and cooperative and competitive multiplayer modes.

Konami Corp. this week released Metal Gear Rising: Revengeance to U.S. retail.

Developed by Platinum Games, Metal Gear Rising: Revengeance features Raiden in spectacular battles between soldiers and machines.

Capcom Co. this week released Capcom Arcade Cabinet Pack 1 to the Playstation Network and the Xbox Live division.

Pack 1 includes classic arcade titles Black Tiger, 1943: The Battle of Midway and Avengers.

Sales for Nintendo Co.’s Wii U hardware declined in new Japan retail data.

Media Create Co. this month reported that the Wii U sold 10,744 units between Feb. 11 and Feb. 17 to rank at No. 3 in overall sales.

It sold 12,185 units at launch the week prior.

The hardware did not rank any titles in the top 10 for the week.

The Wii sold 1,655 units in the same period.

Capcom Co. this week released the Monster Hunter 3 Ultimate demo for Nintendo Co.’s Wii U and the Nintendo 3DS to the Nintendo eShop.

The free demo includes two full quests, one for beginners and another for intermediate hunters, in addition to 12 different weapon options.

Monster Hunter 3 Ultimate, to be sold Mar. 19, will include touch-screen access to inventory and more than 200 quests.

Sales for the Nintendo 3DS held strong in Japan in weekly retail data from the region.

Media Create Co. this month said the Nintendo 3DS sold 97,971 units between Feb. 11 and Feb. 17 to rank as the No. 1 game hardware for the week.

The hardware sold 127,695 the week prior.

The 3DS ranked nine titles in the top 10 including Dragon Quest VII: Fighters of Eden at No. 1, Animal Crossing: New Leaf at No. 2, New Super Mario Bros. 2 at No. 3, and Monster Hunter 3 Ultimate at No. 5.

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