Aug 15, 2016 11:10 AM EDT By Sarah T., UniversityHerald Reporter

Some reports suggest that Sony will likely release Playstation 4 "Neo" on Sept. 7, the same day that Apple could launch its rumored iPhone 7. PS4 was also reported beaten by Xbox One for the first time.

The tech company, Sony, sent out invites fop a press event in New York, according to Tech Crunch. This is the reason why people think that the company will likely reveal its PS4 "NEO" in Sept. According to the source, the meeting is called "Playstation Meeting," and the company calls a meeting because it plans to "share details about the PlayStation business."

The first rumor that suggested that Sony has started working on PlayStation 4.5 appeared on Kotaku. According to the rumor, this console could be more powerful than the PS4, so it could support more demanding games and PlayStation VR headset.

Today, VR is now demanding, especially when "Pokemon Go" released in some countries. Many people, especially gamers, are now buying new graphics cards for their computers.

PS4 "Neo" could be a good companion for brand new 4K TV. The new console is expected to have a support for 4K movies, TV shows and even games. Its rival, Microsoft will also unveil a competitor to the PS4 'Neo' next year, The Xbox One "Scorpio."

Sony's competitor for PS$, Microsoft's XBox, a 2001 console owned by Microsoft, was reported beat the Playstation 4 because in July, XBox One outsold PS4 according to Time.

In a latest news, gamers could get $40 discount for XBox One S. A 2TB system with no games can be bought for $360 by using the code FIRST, which is $40 discount on the standard price. Aside from this console, "Star Wars: The Force Awakens 3D Blu-ray" is available for $35, according to IGN.

Other deals are SteamWorld Collection, which can be bought for $24, "Doom: Collector's Edition" for  $52, and "Shantae and the Pirate's Curse" for $24

See Now: Covert Team Inside Newsweek Revealed as Key Players in False Human Trafficking Lawsuit