Rumor: Dead Space 4 cancelled by EA due to under-performing Dead Space 3 sales

According to VideoGamer.com EA stopped development of Dead Space 4 in February because of lower than expected sales of Dead Space 3.

The source claims that EA stopped production after:

“visiting Visceral Montreal to inform staff that the project had been terminated and announce details of the company’s restructuring”

Update: EA tells Gamasutra the rumors are “patently false”.