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PS4 is nearing the end, Sony says – can we get excited about the PS5 yet?

The Sony PS4, the best-selling games console of its generation, is nearing the end of it’s most triumphant run, according to head of PlayStation.

Speaking at Sony’s Corporate Strategy Meeting, John Kodera said the PS4 is ‘entering the end of its lifecycle’.

Quoted by noted Wall Street Journal reporter Takashi Mochizuki (via Gamespot), Kodera says that while hardware sales will probably drop off, increased revenue from subscription services like PS Plus could cover the shortfall.

Related: Sony PS5 latest

That’s not to say we’re looking at the imminent arrival of the PS5 and a possible discontinuing of the PS4. Despite reports claiming PS5 dev units are out in the wild, few are expecting the next-generation console to arrive before the end of the decade.

Besides, there’s still plenty of life in the old dog yet, including a range of exciting exclusives like The Last of Us Part 2 and Spider-Man coming this year.

Kodera, the CEO of Sony Interactive Entertainment, added that PlayStation gamers can expect plenty more exclusives in the future.

He also commented on the performance of the PlayStation VR platform, according to Mochizuki’s tweets. He said the PSVR sector is growing, but the industry as a whole is underperforming compared with expectations.

He also said the PlayStation Vue service, a pioneer in the streaming of live TV, is facing tougher competition than expected. In the past year a number of new competitors, such as YouTube TV and Hulu Live TV have emerged, along with continued expansion from the likes of DirecTV Now and Sling TV.

Is your PS4 gathering dust? Are you ready for a new system to take gaming to the next level? Or can you see yourself playing PS4 games for years to come? Let us know @TrustedReviews on Twitter.

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