Sony's John Kodera has released a statement stating that the release of the PlayStation 5 will not take place within the next three years.
Instead, the PlayStation boss told The Wall Street Journal that he and his team will use the time to "prepare the next step, to crouch down so that we can jump higher in the future."
This comes after another announcement from Sony, which stated the PlayStation 4 was entering the end of its cycle. They expect all sales profits to decrease in the coming years and will start concentrating on newer projects.
The PS4 was released back in 2013 and if another three years is an accurate prediction for the next generation console, it means that they have slowed down their update process. It's usually a six to seven year gap before next gen Sony system is available to buy but this statement means we'll have to wait till a minimum 8 years (2021) all together before we see anything new.
The CEO of Sony, Kenichiro Yoshida, showcased a new three-year strategy for the company which states their profits should dip below $1.6 billion, before 2021. The PS4 sold 79 million units since it hit the shelves but the inevitable downfall of the console will only force a minor impact on the company.
Yesterday we spoke about how Ubisoft boss, Yves Guillemot, predicts that the next generation of consoles will be the last, as streaming devices and services will ultimately take their place. This vision also seems to be same pathway which PlayStation will be focusing their efforts on, so what he said might end up coming true after all.
There's probably no chance we'll hear any news on the PS5 at E3 next week due to the long awaited release date. It will be interesting though to see what they say when ask questions regarding the matter, so only time will tell exactly what the new PlayStation will have in store.