MCV are reporting on Baird Equity Research analyst, Colin Sebastian claiming that he believes that the Playstation 4 will launch this October and will be followed by an Xbox 720 in November.

Sebastian claims that he has however heard word of “early production issues with Sony’s PS4” that could delay Sony’s plans. MCV note that it was also insinuated last year that Microsoft machine was suffering technical hiccups.

“Given the fragile state of the console game market, we expect the E3 trade show in June will take on added significance, most likely providing the industry with the first public opportunity to examine next-generation hardware,” Sebastian stated.

“Our checks suggest that next-generation console hardware will be largely built from ‘off the shelf’ high-end PC components, along with hybrid physical/digital distribution models, enhanced voice controls and motion sensing (Kinect integration with every Xbox), and broad multi-media capabilities.”

The analyst also suggested that Nintendo’s Wii U will lack broad appeal beyond the core Nintendo fan base.