PlayStation 4 has been a massive success with 80 million units sold in the four and a half years since it hit the market. Still, all good things eventually come to an end, and PlayStation 4 will be no exception. Sony Interactive Entertainment CEO John Kodera recently stated that the console is entering the final phase of its life cycle, leaving the gaming community to speculate as to how long that final phase would be.
Thankfully, Kodera has already stepped forward to clarify that earlier statement, giving us a surprising look ahead at Sony's plans for the future. Speaking with reporters, Kodera announced that the next PlayStation is about three years away. Sony intends to use the next three years to "prepare the next step, to crouch down so that we can jump higher in the future."
Three years is probably not an exact figure, as Sony is unlikely to launch a major console in the month of May. This could put PlayStation 5's release in 2021, or perhaps Holiday 2020 if we're rounding up from two and a half years. That would give PlayStation 4 a seven year life span as Sony's primary console, which is the same amount of time that PlayStation 3 got.
Source: Wall Street Journal