During Sony’s recent Corporate Strategy Meeting, president John Kodera revealed that the PS4 is now entering the end of its lifecycle. While this news might have a negative impact on sales, he noted that subscriptions such as PlayStation Plus will help any decline in hardware sales.
More importantly, this does not point to the company discontinuing the PS4 anytime soon, for that matter. In fact, the PlayStation 4 is still set for some pretty big titles, including Spider-Man, The Last of Us 2, and the upcoming Detroit: Become Human.
As for the PlayStation VR, Kodera noted that while the accessory continues to sell, the growth speed of the market has been lower than predicted. Moving forward, they plan to aim for healthy growth with a more realistic outlook. Meanwhile, Sony has yet to comment on any succeeding consoles. The company has stated, however, that they have no plans for any hardware announcements this E3 2018.
The PS4 originally launched back in November 2013, which is nearly half a decade ago. That being said, it’s only natural that the console is finally entering the last stages of its lifecycle.