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According to Sony Interactive Entertainment CEO John Kodera, the Playstation 4 is entering the end of its life cycle.
Kodera made the comments at the company’s annual Investor Relations Day, as reported by Wall Street Journal tech reporter Takashi Mochizuki.
PS chief Kodera: PS4 is entering final phase of its life cycle, which would have negative impact to the unit, but recurring revenue via membership services etc should cushion some of that.
— Takashi Mochizuki (@mochi_wsj) May 22, 2018
He was addressing shareholders, and some reports suggest his comments were made in an attempt to address a downturn in sales: 16 million PS4 consoles are projected to be sold in the current financial year, compared with 19 million in the previous year.
The console however will not be discontinued any time soon, and is still expected to sell in large numbers.
The PS4 launched in November 2013, and as of March 31 2018, had reached 79 million in cumulative sales.
Since Kodera’s comments, speculation has increased surrounding a Playstation 5 console, but no hardware announcements are expected from this year’s E3, which is set to take place in June.
