In Sony’s Corporate Strategy Meeting, John Kodera, the PlayStation boss, said that the PlayStation4 is entering the end of its lifecycle. On this note, Wall Street Journal reporter, Takashi Mochizuki stated that although this statement could create a negative impact, it is still in a safer zone as the revenue from the subscription may counterpoise any turn down in the hardware sales.
Though, it is also believed that PS4 is not going to be dropped by Sony, anytime soon, and the sales will be as good as it was before. Currently, the console is expected to sell well along with some upcoming exclusive content like Spider-Man, and The Last of Us: Part II, amongst others.
As a matter of fact, it is only the console that is not rising as much as it was selling once when it was released. The benefit of doubt can be given to the age of the console system, which got released more than half a decade ago. It is now justifiable to say that a PS4 launched in 2013 is stepping foot on the end stage of its lifecycle.
Sony’s Gaming Division: Downfall Predicted
Nevertheless, a downfall is predicted by Sony for its Gaming and Networking Services in March 2021. The predicted profit is also comparably less when compared to the previous fiscal years.
Furthermore, John Kodera stated that this downfall during March 2021 is just for standing taller again. However, from his speech, it was assumed that PlayStation 5 console is on its way to arrival. Contradicting enough, Shawn Layden, an executive PlayStation announced that there will not be any hardware announcements in the Sony’s E3 2018 briefing.
Besides, Kodera also added that PlayStation VR and PlayStation Vue are also rapidly growing. They are going through a tough time of competition. They can still emerge as a great source of entertainment, but not as much as it was glorified.
Interestingly, Matt Piscatella, NPD analyst, in her interview with GamingBolt that PS4 will have another strong year of sales, and no new console is going to be released anytime sooner than 2020.