Sony Boss Comments On When To Expect PlayStation 5
PS5 Still Three Years Off, Says PlayStation Boss
“We will use the next three years to prepare the next step, to crouch down so that we can jump higher in the future.”
Sony’s announcement on Tuesday says PS4 had entered the end of its lifecycle meant a new console was coming soon, but you have to wait for a while. Sony’s head of PlayStation, John Kodera, has said the company will take the next three years to develop the fifth-generation PlayStation, reports The Wall Street Journal. “We will use the next three years to prepare the next step, to crouch down so that we can jump higher in the future,” said Kodera.
The announcement means the company is looking at a slower update cycle than usual; the next generation of PlayStation consoles usually come 6-7 years after the current one is released. The PS4 was released in 2013, and since then it has sold more than 79 million units.
Sony’s new CEO, Kenichiro Yoshida, released a three-year business plan of Sony. He is anticipating that profits will fall slightly towards 2021, slightly below the $1.6 billion it made this past fiscal year. The Wall Street Journal interviewed Kodera then, and reports him saying the end of the PS4 would have only a minor effect on the company, as it has been moving PlayStation’s focus from hardware to online subscription services. Its goal is to add revenue sources that are more stable than volatile hardware and software sales. Follow our full coverage to read more about Sony’s three-year plan and how it affects PlayStation.