Retailer: 720 and PS4 not out til 2014

US videogame retailer GameStop thinks that the next generation of Sony and Microsoft consoles won’t be for a while, as senior execs during a series of investor meetings told their shareholders that they don’t expect the Xbox 720 ad PlayStation 4 til 2014.

In a statement from the meetings, ”Management does not expect new hardware consoles from Microsoft and Sony until 2014; however, a successful launch of Nintendo’s Wii U in 2012 could add pressure to accelerate a hardware refresh.

“GameStop is also upbeat on the coming launch of Sony’s PlayStation Vita handheld gaming device, which has a $249 price-point within the reach of many gamers.

“As for the motion controller launched a year ago, management indicated more software is needed to maintain sales momentum.”

This is in contrast to recent reports that the next consoles will come out during the holiday season of 2012.