PlayStation President: PS4 Entering Final Phase of Life Cycle - NewsWilliam D'Angelo , posted on 04 June 2018 / 2,376 Views
Sony Interactive Entertainment president and CEO John Kodera at the Sony Investor Relations Day 2018 in Tokyo said that the PlayStation 4 is entering the final phase of its life cycle.
Kodera expects sales to start declining year-on-year, however, strong revenue from PlayStation Plus memberships should help offset the decreased hardware sales.
Sony is investing in first party games, however, it will not all be games based on new IPs. There will be a refreshment of existing IPs.
He added that Sony's medium term plan through March 2021 is to strengthen the PlayStation business, but to take a "momentary squat."
PlayStation VR sales have been lower than predicted. Sony will aim for continued growth of the virtual reality headset, but with a more realistic outlook.
The PlayStation 4 has been available on the market since November 2013 and has shipped 79 million units as of March 31, 2018.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at firstname.lastname@example.org or on Twitter @TrunksWD.