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Sony President confirms the company is working on PlayStation 5, calls it 'necessary'

While game streaming has made impressive strides in the past couple of years, there may still be a few more years left before the dedicated gaming console in your living room becomes obsolete and a thing of the past.

The utopian future of gaming where you can play your favourite games wherever you like, from whichever device you want, may be at least one console generation away according to Sony President Kenichiro Yoshida. "At this point, what I can say is it’s necessary to have a next-generation hardware,” remarked the exec in a new interview.

While he all but confirmed the company is working on a successor to its PlayStation 4, Yoshida refused to disclose its name or confirm that it would be called the PS5. The piece from the Financial Times also revealed little else about the console, such as when we can expect to see its release, though analysts estimate it may be announced sometime next year. Evidence of its existence has already surfaced in changes to the Unreal Engine 4 code.

The gaming industry at large, meanwhile, is steadily working its way to the death of gaming consoles and possibly even gaming PCs, with the likes of Google's Project Stream allowing you to play Assassin's Creed Odyssey from the comfort of your browser. Microsoft, too, has thrown its hat into the ring with Project xCloud, while Sony and Nvidia already have similar services to offer under the GeForce Now and PlayStation Now brands.

Source: Financial Times (Paywall)

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