Sony is silent and firm against the growing swell of rumours surrounding the 2 and a potential PSP phone.

The company told investors that any new PSP product would be announced when the time was right and not a minute sooner.

Sony CFO Masaru Kato said: "As for the new PSP product, as mentioned, I know that you are not asking me to tell you when we will be coming out with a new product, but there is a gaming market based on [the] cellphones," a VP (presumably CFO Masaru Kato) stated during the call. "It's not that we are not looking into those markets as well. We will look into those markets in trying to develop for the future."

So the current position is, they will neither confirm nor deny the existence of either a next generation of PSP or and PSP smart phone.

Thanks Joystiq.

By Ewan Aiton