AT A recent meeting with investors, the head of PlayStation said the PS4 was entering “the end of its life cycle” and hinted at a next-gen console. Beginning of dialog window.

Escape will cancel and close the window. This could be the end of the PS4.Source:Supplied SONY has sold 79 million PlayStation4s since the console launched in 2013, and is starting to prepare for the end of the road.

Gamers had snapped up around 80 million PS3s by the time that the PS4 hit shelves, and even with the launch of the upgraded PS4 Pro, Sony is seeing sales start to slide. PlayStation boss John Kodera admitted as much when talking to investors earlier today alongside his boss, Sony head honcho Kenichiro Yoshida, reports The Sun.

Sony said it was going to be creating new exclusive game franchises, DLC for existing exclusives, expanding their Virtual Reality offering on PS4 and trying to increase the number of gamers signed up for PlayStation Plus, its premium online service that allows for most online gaming on the platform alongside a slate of free games every month. Kodera did admit under questioning that the PS4 was entering “the end of its life cycle” and that Sony’s work for the time being is to manage that decline with additional services to help keep revenues stable as hardware income drops.

While neither Kodera or Yoshida mentioned the PS5 by name, it was clear that it is just over the horizon. The statements today were all about reassuring investors that there was a plan for the intervening period to keep revenues stable until new hardware was available. Read more from news.com.au…

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