Sony has confirmed that it's developing a next-generation PlayStation console to succeed the PlayStation 4.
In an interview with the Financial Times, Sony president and CEO Kenichiro Yoshida said: “At this point, what I can say is it’s necessary to have a next-generation hardware."
Kenichiro did not confirm if this console will be called the PlayStation 5 or when it will be released. However, some industry analysts are predicting we could see the next-generation console in 2020 or 2021 – while others predict it could be as soon as Christmas 2019.
Sony Interactive Entertainment's CEO John Kodera has already confirmed the PlayStation 4 is coming to the end of its life cycle, so confirmation of a next-generation PlayStation console is not surprising.
Depending on when it's released the new console could be going head-to-head with the next Xbox – codenamed Xbox Scarlett – which is rumored to be arriving in 2020.
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An award-winning games journalist, with seven years of experience in games journalism and a degree in journalism from City University, London, Vic brings experience from IGN, Eurogamer, The Telegraph, VG247, Dot Esports and more to the TechRadar table. You may have even heard her on the radio or speaking on a panel, as she’s previously appeared on BBC Radio 4, BBC Radio 5, BBC Radio Ulster and more. Not only is Vic passionate about games, but she's appeared on both panels and podcasts to discuss mental health awareness. Make sure to follow her on Twitter for more.