Sony Has Begun Work On PlayStation 5

Ahead of the fifth anniversary of the PlayStation 4, Sony president and CEO Kenichiro Yoshida tells The Financial Times it is indeed developing a successor to the console.

Yoshida-san says: “At this point, what I can say is it’s necessary to have a next-generation hardware”. He did not name the console nor offer any hint of a release window.

The comment follows ones from Sony Interactive Entertainment CEO John Kodera who in May suggested the next PlayStation is a good three years away and won’t debut until 2021 at the earliest.

Sony has sold more than 81.2 million PS4s worldwide, already surpassing the lifetime sales of the PlayStation 3 in around half the time, and the PlayStation division has been Sony’s top-performing business segment in every full fiscal year for the past five years.

The talk comes as video game executives and writers are tipping that we’ll see the end of the traditional console era in 5-10 years as cloud-based game streaming will become the future. PlayStation was the first console manufacturer to offer such a service in the form of PlayStation Now.

Source: Polygon