A new report has revealed the updated internal codenames for Microsoft’s and Sony’s next-generation consoles, the Xbox 720 and PlayStation 4. The report also offers new details on the chips that both consoles will use.

SemiAcurate is reporting (via internal sources) that Microsoft is now referring to the next Xbox console as “Kryptos” instead of the more widely known “Durango” name that has appeared in several previous reports. The site’s sources also claim that Microsoft’s next console will use an AMD chip codenamed “Oban,” however production issues have caused component quality to be “painfully low,” which could lead to delays.

The source also has some information on the PlayStation 4, stating that its internal codename is “Thebes” and not “Orbis” as it is commonly known as. The site claims that Sony’s console will also use an AMD chip, and that the chip will enter full production after Microsoft’s Oban chip. Finally the site suggests that the PlayStation 4 will either launch in spring or fall 2014, after Microsoft’s console.

Of course all this information should be taken with a hefty mound of salt as there’s no concrete evidence to back any of it up. It’s simply down to your own personal choice whether to believe it or not.

What do you think of the details? Let us know in the comments below.