Sony Executive Says PS4 Enters The End Of The Console's Life Cycle

Posted: May 21 2018, 11:52pm CDT | by , Updated: May 23 2018, 8:56am CDT, in News | Technology News

 
Sony Executive Says PS4 Enters the End of the Console's Life Cycle

The Sony PS5 is on its way as PlayStation 4 leaves.

Sony Interactive Entertainment CEO John Kodera said at a Sony event in Japan that the PS4 finally entering the end of the console lifecycle, which would have a negative impact on the unit, but recurring revenue via membership services etc should cushion some of that," tweets WSJ Japan correspondent Takashi Mochizuki.

Update May 23: Kodera clarifies schedule for Sony PS5. It will be another three years until the next Sony PlayStation console.

Kodera added: "You can expect more exclusive titles for PS platforms." The PS4 is not dead yet, but the Sony PS5 is coming closer.

The SIE CEO did not make any additional comments on the plans for the PlayStation console hardware. At the Sony strategy presentation, the company said to further strengthen the growth opportunities in the areas such as the creation and utilization of IP in the first party and the add-ons content for the PlayStation.

Sony introduced the Sony PS4 in fall of 2013. This year marks the 5th anniversary of the PS4 on November 15 (US release day). Sony shipped 79 million PlayStation 4 consoles as of March 31, 2018. The PS4 1TB retails for $299.99 right now. Interestingly, the PS4 1TB Slim is sold out on amazon.com. You can find it though in stock in the Best Buy online shop.

The bigger news in regards to Sony today is the announcement of the 60 percent stake purchase in EMI Music Publishing from Mubadala Investment. Sony already owns 40 percent of this catalog of millions of songs, including by the work by The Beatles. New Sony CEO Kenichiro Yoshida said to shift Sony's focus even more on content that before.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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