01:20 PM EDT, 04/15/2024 (MT Newswires) -- Sony ( SONY ) is preparing to introduce a PlayStation 5 Pro console by the end of 2024, The Verge reported Monday, citing sources familiar with the matter.

The company has asked developers to ensure their games are compatible with the upcoming console, dubbed Trinity, which is set to include a more powerful graphics processing unit and faster central processing unit mode, the report said.

The focus seems to be on improving ray tracing and achieving higher resolutions and frame rates in certain titles, according to the report.

Sony ( SONY ) is expected to continue selling the standard PS5 after the launch of the new console, the report added.

Sony ( SONY ) did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)