EA Announces New Need for Speed, Crysis 3 Release Date

EA held its annual investor conference today, in which it announced that it plans to invest up to $80 million in development for games on the next generation console systems in the fiscal year of 2013.

The publisher's investment is a clear indication that both Sony and Microsoft plan to step up their game with the unveiling of new platforms next year, which are likely to hit shelves before the end of next Christmas.

EA also provided investors with a firm release date on Crysis 3, which it says it plans to release in the first quarter of 2013. The publisher has also dated the release of a new Need for Speed title in the fourth quarter this year. As the latter game has yet to be officially announced, we expect EA to make a big showing with it at E3 next month.

We'll provide further details about the investor call in related news updates.