A New PlayStation in the Works According to Sony CEO

Anytime a new generation of gaming systems is in the works, it is hard to keep it a secret, and this news is no exception. In fact, this story was probably the worst kept secret in the gaming industry.  However, the news was made official by Sony CEO, Kenichiro Yoshida, in an interview with the Financial Times. Sony is currently working on a successor to the PlayStation 4 but has stopped short of calling it the PlayStation 5.

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“At this point, what I can say is it’s necessary to have a next-generation hardware,” Yoshida said.

This announcement comes after Microsoft announced that they are currently testing Project xCloud, streaming technology for playing any Xbox games on phones and tablets. The public will be able to test this project beginning next year.

Sony does offer streaming games on the PS4 and PC with its PlayStation Now service, which was previously available on Samsung Smart TVs.

Yoshida did not give an exact date for when the new system would be available on the market, but according to Sony Interactive Entertainment CEO John Kodera, the new system is hinted to be released in 2021 as reported by Digital Trends. Kodera previously stated in May that the PS4 has entered “the final phase of its life cycle.”

Do not expect for Sony to drop the PlayStation name as the game systems with the name have been very successful in the past 3 decades. The PlayStation 2 is the best selling console of all time with 155 million units sold. The PS4 since it was launched in 2013 has sold 80 million units, and it will likely pass the sales of the PS3, which sold 83.8 million units according to GameSpot.