"[The] new high-end PS4 is still PS4, so the lifecycle is not going to be shorter."
Many speculate that the PS4 Neo will launch later this year alongside Playstation VR, giving players the option to upgrade their system if need be.
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"I was surprised [Microsoft announced Scorpio]," Yoshida said. "I was not expecting them to talk about [it]. It's very very super interesting what they are doing."
Project Scorpio is scheduled to launch in Winter 2017 and will act as the successor to Xbox One. Much like PS4 Neo, it is planned to exist alongside existing consoles.
Video: Should you buy a PS4 Neo?
Are you interested in PS4 Neo or Project Scorpio? Let us know in the comments.