Sony Corp. this week said it will hold a Playstation Meeting in New York Sept. 7.

The Playstation Meeting is expected to detail the upgraded Playstation 4, code-named Neo.

The PS4 Neo is said to include enhanced graphics and 4K resolution support.

In addition, it is expected to be sold concurrently with the standard PS4 SKU. All or most PS4 games will support the console.

In Q1 2016, the Game and Network Services division, which includes the Playstation business, held an operating income of $427 million.

The PS4 sold 3.5 million units in the same period.

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