The PlayStation 4 will retail at £300 in the UK, according to the latest reports. Industry sources and leaked documents obtained by The Times suggest that the console will launch at around the same price as a Premium Wii U, and more than £100 cheaper than the PS3 Previous reports have suggested that the console will retail at 40,000 Yen when it launches in Japan, which is roughly $428 in North America and approximately £270 in the UK (based on current exchange rates). However, prices often vary between regions, with European customers typically expected to pay more. Sony is widely expected to unveil the PlayStation 4 at its February 20 press conference, with images of what is believed to be prototype controllers for the console recently leaking online. The peripherals appear similar in design to the standard PS3 controller, except with a touchpad at the centre and a light at the top that is expected to function in the same way as the orb at the end of the Move controller. Details on the hardware specs for Sony's new console were recently leaked along with reports that the system will feature 4K resolution support in line with a rumoured new range of Sony TVs. More recent reports suggest that the console will have the ability to stream full games thanks to the cloud technology Sony acquired when it bought Japanese company Gaikai.