Sony: PlayStation 5 is three years away

Posted on Friday, May 25 2018 @ 9:44 CEST by Thomas De Maesschalck
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Speaking to the Wall Street Journal, Sony revealed that the fifth-generation PlayStation console is still three years away from us. This means the company's update cycle is slowing down, a new PlayStation console typically took about six-to-seven years, and the current PlayStation 4 went on sale in 2013. So far, the PS4 has sold over 79 million units.
"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 Tsuyoshi "John" Kodera, who took over last October.

Mr. Kodera spoke a day after Sony's new chief executive, Kenichiro Yoshida, released his first three-year business plan. It included a conservative forecast for the videogame business, seeing operating profit in the final fiscal year of the plan, ending March 2021, slightly lower than the $1.6 billion it made in the year ended March 2018.
This doesn't mean there won't be PS4 updates, but a completely new generation isn't expected until 2021.

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