PlayStation 5 confirmed by Sony

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Sony planning Backward Compatibility for PS5 [Rumor]

Speaking during an interview with the Financial Times (via GI.biz), Yoshida-san didn't actually utter the words "PS5", but made it clear the format holder is looking to release a next-generation console.

"It's necessary to have a next-generation hardware", Yoshida told the Financial Times.

As VR and mobile games continue to be threats to traditional models of video gaming, the console wars just got extended through the foreseeable future.

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It makes sense that Sony is working on its next generation of hardware, given that the PS4 is now 5 years into its lifecycle. Read on see why the patent could suggest we could be getting the ability to play our PS4, PS3, PS2 and PS1 games on the Playstation 5. The PlayStation 4 console has sold roughly 76 million units worldwide, in comparison to Nintendo's Switch (17.79 million) and Microsoft's Xbox One (Between 30-50 million units).

The PlayStation was succeeded by the PlayStation 2; the PlayStation 2 was succeeded by the PlayStation 3; and the PlayStation 3 was succeeded by the PlayStation 4.

Rumours have varied wildly over the last few years but it now seems inevitable that the console will be out by at least Christmas 2020 and possibly 2019 - with a reveal potentially as early as next spring, if Sony follows previous patterns. He remained coy about any further details, and declined to confirm whether or not the system would be called the PlayStation 5. "As further understood herein, the original (legacy) software code of an entertainment asset such as a computer game created to be played on a relatively lower powered display can be preserved for use with model consoles with improved capability displays, while effecting remastering of the presentation through emulation principles". It plays the same games, but makes them look prettier and load more quickly.

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