Sony’s head of PlayStation, John Kodera, has quelled rumours about the end of the PlayStation 4 lifespan. Kodera has said that the company will take the next three years to work on a next generation console.
“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.
This extended development period will make the PlayStation 4 the longest service console in Sony’s stable; seeing that previous consoles lasted between five to seven years before being replaced. The PS4 is already five years old, and looks to be guaranteed to be available for another three years.
Not that Sony actually needs to rush into the next generation. It already dominates the console market; putting out a number of widly successful exclusives over the last couple of years.
Rumours of a possible PlayStation 5 began circulating after a Sony investors report said that the PS4 is at the end of its life cycle. Indicating that the company is no longer expecting profits to grow from simply selling hardware. However, the same report claimed that sales strategies have moved on to providing software and services to sustain profitability.
[Source: Wall Street Journal]