Sony Hints at PS5 Successor as Console Enters Latter Stage
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Sony announced its PlayStation 5 console is entering the "latter stage" of its life cycle after 4 years, indicating a new console could be coming soon.
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PS5 sales missed targets over the 2022 holidays, and Sony cut its sales forecast for the current fiscal year ending March 2023.
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Sony expects gradual PS5 sales declines in the next fiscal year, partly due to no major first-party franchise releases planned.
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This could be a good time to buy a PS5 to access its large library of exclusives before the next console comes out.
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Sony has no big first-party games planned for PS5 in 2024, but third-party blockbusters like Final Fantasy VII Rebirth are still coming.