There's a powerful new PlayStation 4 coming soon - here's everything we know

Over 40 million people own the PlayStation 4. Sony's betting that the remaining 6.96 billion people on planet Earth are holding out for a new version.

Sony

Your cat probably needs his own PlayStation 4.

This new PlayStation 4, dubbed "Neo" (as a codename), is more powerful than ever. It's capable of powering games in a 4K/UltraHD resolution - roughly four times the resolution the PS4 is currently capable of pushing.

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Sony's only said so much about the new console, but reputable rumors from multiple sources paint a clearer picture of what we can expect from PS4 Neo. We've gathered that all together right here.