Rumor: Sony Ceased Research On PlayStation 5
PlayStation 4 hasn't even been out for a year, but Sony was apparently already looking into PlayStation 5 - at least according to reports that this is no longer the case.
According to Xinhuaxia News, Sony has given up development research into PlayStation 5 due to the company's financial woes and increasing power and popularity of smartphones and tablets.
"There is already information that Sony has abandoned production research for PlayStation 5," explains the report. "As smartphones and tablet PCs become more powerful, the need for home consoles diminishes. The profit Sony can bring in with consoles is getting smaller and smaller."
This is strictly a rumour at this stage, with no sources cited by Xinhuaxia, but with PlayStation's release history, a PlayStation 5 shouldn't be expected before 2020. With rapid advances in smartphone and smart TV technology, it's plausible that by that time, a dedicated home console would struggle.
This follows the announcement of big deficits for Sony, particularly in the smartphone sector. In July, Sony lowered forecast sales for this fiscal year from 50 million to 43 million units, and in September, CEO Kazuo Hirai said that the company would cut 15% of its smartphone workforce.
According to the Wall Street Journal, Sony is planning to cut those forecasts even further, and reduce its presence in some markets, like China.
According to Xinhuaxia News, Sony has given up development research into PlayStation 5 due to the company's financial woes and increasing power and popularity of smartphones and tablets.
"There is already information that Sony has abandoned production research for PlayStation 5," explains the report. "As smartphones and tablet PCs become more powerful, the need for home consoles diminishes. The profit Sony can bring in with consoles is getting smaller and smaller."
This is strictly a rumour at this stage, with no sources cited by Xinhuaxia, but with PlayStation's release history, a PlayStation 5 shouldn't be expected before 2020. With rapid advances in smartphone and smart TV technology, it's plausible that by that time, a dedicated home console would struggle.
This follows the announcement of big deficits for Sony, particularly in the smartphone sector. In July, Sony lowered forecast sales for this fiscal year from 50 million to 43 million units, and in September, CEO Kazuo Hirai said that the company would cut 15% of its smartphone workforce.
According to the Wall Street Journal, Sony is planning to cut those forecasts even further, and reduce its presence in some markets, like China.
Comments
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Who reporting this?
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This isn't surprising. They'll probably expand on the Playstation Now concept with their smart tvs. They were talking about that being the future before they even released the PS4.
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Link?
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The playstation 4 is the last playstation.
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An uncited rumor about a uncited rumor? Eh.. On the up side, atleast they got away from tmobile only and have a phone with verizon.
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I can't be playing COD on no damn cell phone or tablet.
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? I look like playing team ? on my phone and then getting a call.
? gon have to keep their ? on the charger all day.
Console > Tablet or cell phone -
So they too broke to make another console?
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Shizlansky wrote: »? I look like playing team ? on my phone and then getting a call.
? gon have to keep their ? on the charger all day.
Console > Tablet or cell phone
Get a gaming pc. -
Shizlansky wrote: »? I look like playing team ? on my phone and then getting a call.
? gon have to keep their ? on the charger all day.
Console > Tablet or cell phone
Get a gaming pc.
Boooooo -
Lazy ? lol
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Yup... im rollin with Microsoft.
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Yup... im rollin with Microsoft.
Why? There were rumors about this being the last Xbox months ago. Either set could be true or both could be false. Doesn't really make a difference now since we won't know one way or the other for a few years. -
Shizlansky wrote: »? I look like playing team ? on my phone and then getting a call.
? gon have to keep their ? on the charger all day.
Console > Tablet or cell phone
Get a gaming pc.
I'm building one next year.
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I've only used my ps3 for movies and ace combat infinity. I laying off on the ps4 (mostly because I am broke and a ? atm) till I get the money and it gets more games. Even then I may only be getting it for MGS5. With a pc, you can get better graphics if you put the time in, better controls for those of you who still play fps, and a HUGE library of games. If this is the last console generation then that would mean even better optimization for pc games. Playstation is a damn good entertainment system though, its even an okay gaming platform but it can never go toe to toe with a good pc. This is coming from a long time playstation fanboy.