Sony president Kenichiro Yoshida confirmed the firm is working on a successor to the PlayStation 4. In an interview with the Financial Times, Yoshida explained it's necessary to have next-generation hardware, but he declined to formally name the device "PlayStation 5".
Sources in the video game industry told the newspaper that Sony's future console will not be a radical departure from the PS4. The architecture would be similar, and so far there are no indications that Sony is planning to switch to cloud-based gaming after the PS4. Part of the reason here is that many markets will not have next-gen 5G data connectivity by the time the "PS5" is supposed to hit the market.
eSports on the other hand will likely be a major focus point of the new console:
Industry analysts believe that Sony will be keen to rectify that through its next console, by ensuring that its machines are deemed powerful enough to host top level esport events.
Sony Interactive Entertainment, the division responsible for PlayStation, said it was considering various options to strengthen its position in esports, which it sees as an effective way to encourage users to play a game for a longer period of time and to enhance the social role of games.