PlayStation 5 may never happen

While Sony reportedly prepares an updated PS4 console with upgraded innards and 4K support, the prospect of a PlayStation 5 is far less certain, it has emerged.
A report this week casts doubt on whether Sony will choose to launch a new home games console once this cycle is over.
It all started over a year ago when PlayStation president Shuhei Yoshida told gaming expert Noel Lanning that the PS5 was an ‘if’ rather than ‘when.’
Speaking on this week’s Game Informer Show, Lanning revealed the February 2015 chat for the first time.
Lanning said (via GameSpot): “I said, ‘What does the PlayStation 5 look like?’ And he said, ‘You mean if…’ And I was like, ‘Whoa. Are you willing to say that on stage?’ And he said, ‘Yeah, it’s an if.’”
The topic did not come up during the presentation at the DICE event and, apparently, hadn’t been mentioned since.
See also: PS4.5: Everything we know so far
However, if Sony does jump the gun with the mid-cycle upgrade it may add a few more years of viability to the current generation.
By then, the idea of a home gaming machine might be very, very different.