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In Sony Investor Relations meeting today, Sony Interactive Entertainment president and CEO John Kodera said now PlayStation 4 In The Final Phase of its life cycle. 

This and other statements on the companies business plans for coming times were shared by the CEO in the meeting attended by many. Also, present there was The Wall Street Journal’s Takashi Mochizuki who shared this information and some other notes via his official Twitter account.

Other Statements and notes shared by Takashi were.

  • Sony openly acknowledges problems in the growth of PlayStation VR, PlayStation Vue, and its mobile company ForwardWorks and plan to tackle each of their issues to help improve on their engagement.
  • Kodera says the PSVR continues to sell, but it is doing so less than market forecast. From this point on, Sony will aim for a more realistic outlook and healthy growth in the business of the VR device.
  • As for ForwardWorks, he says there has been some development and release delays, and they’re planning on improvements to make it a more efficient operation.
  • As for business strategies beyond 2018, Sony will put more effort in the development and enhancement of exclusive titles.
  • John Kodera: “(The PlayStation 4 is) Finally entering the final phase of its console life cycle.”
  • John Kodera: We will put in more effort into the continuous engagement with the users.
  • The Vue reached its lowest dip in 2016 and has since then been improving. Sony plans on taking measures to improve its long-term profitability.
  • John Kodera: “It has been a big year of learning for ForwardWorks. It’s difficult to start brand-new IPs, not limited to ForwardWorks and PlayStation. We will continue using pre-existing PlayStation IP as the core of establishment for ForwardWorks, but we’d like to do so while managing the size of new IPs. We’ll continue pushing forward using personnel with knowledge on this point.”
  • John Kodera: “As for first party investment, it isn’t necessarily only about increasing new IPs. Part of it is about refreshing current IPs, and enhancing contents by developing franchises for successful IPs.”
  • Lastly, Kodera says that the middle management period up until March 2021 will be a period for a breather in preparation f
    or a bigger leap for PlayStation.

Can this be a possibility that PlayStation 4 In The Final Phase means that perhaps PlayStation 5 might be more closer than we anticipate it to be.

About author

Ammar Niazi

An accountant by profession, but my knack for Movies and Gaming has never left the soul. Consider myself to be an old soul when it comes to playing games.I have a huge knack for fast cars and that is why i love Forza and NFS series. However i like to take out my frustration by killing zombies in Dying Light. A die heart fan of Call of Duty franchise. Gladiator & The Shawshank Redemption are eternal love and these are just the tip of the iceberg.