Sony Computer Entertainment Inc. said Monday it will launch the next-generation PlayStation video game console by the end of the current fiscal year.

Sony Computer has not revealed the specifications of the new console.

It plans to sell another video game console, PlayStation Portable, in Japan by the end of December.

Sony Computer President Takeshi Kutaragi told a news conference he will launch PlayStation Portable in the United States and Europe by the March 31 end of fiscal 2004.

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