The Wii U was a big ace up Nintendo's sleeve at this year's E3, but president of Sony Computer Entertainment America Jack Tretton doesn't see the console as much of a threat to its current generation PlayStation 3.

Tretton spoke to Forbes about the E3 reveal of Nintendo's new console and had this to say:

I didn’t see anything about Nintendo’s announcement that said ‘Oh, we’d better get working on rolling out a new PlayStation here pretty soon.

Our attitude is kind of ‘welcome to the party.’ If you’re looking at being a multimedia entertainment device, if you’re looking at high def gaming, that was 2006 for us.

Last year Sony launched its PlayStation Move motion controller and this year sees the release of its touch screen-wielding portable console, PlayStation Vita.