PS4 is at the end of its life cycle, says PlayStation chief

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During the Sony Corporate Strategy MeetingSony Interactive Entertainment chief John Kodera – who is responsible for the company’s gaming industry – stated that the PlayStation 4 has entered the final phase of its life cycle.

At the event, covered by Wall Street Journal reporter Takashi Mochizuki , Kodera pointed out that while this should adversely affect the performance of the platform, subscription services such as PlayStation Plus can help in its collection.

In this fiscal year, Sony estimates it will sell 16 million PS4 units compared to 19 million last year, which indicates that the company is already preparing for a fall in profits and revenue related to this hardware sector in the coming years .

Mochizuki also wrote the following: “Chief SIE Kodera told analysts and investors that the period until March 2021 would be for the PlayStation ‘squat once’ to grow even more in the future.”

This may indicate that Sony has plans to launch a possible PlayStation 5 around this time, although the executive has not made anything clear in this regard.

At the meeting, Kodera also raised the importance of exclusive titles, stating that more games are on the way to PlayStation platforms and that the strategy of the company includes not only the creation of new intellectual properties but also the elaboration of franchises and renovation of old projects.

Kodera also said that PlayStation VR numbers are growing, but the market is expanding more slowly than expected. Already the TV service PlayStation Vue is facing competition “harder than expected.”

In April, Sony indicated that since its launch in 2013, the PlayStation 4 has sold 79 million units.

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