Earlier this week, PlayStation CEO John Kodera announced during the annual Investor Relations Day that the PlayStation 4 “is entering the final phase of its lifecycle.”  That being said, should PS4 owners be worried about their consoles becoming irrelevant soon?

According to the Wall Street Journal, PlayStation isn’t anticipating new hardware (probably called the PlayStation 5) for at least another three years. Kodera said, “We will use the next three years to prepare the next step, to crouch down so that we can jump higher in the future.”

He also stated that they wish to incorporate more subscriptions and online services into the next console. “We need to depart from the traditional way of looking at the console life cycle,” Kodera said. “We’re no longer in a time when you can think just about the console or just about the network like they’re two different things.”

Looks like we’ll have at least three more years to worry about the PlayStation 5. This past console generation also had mid-gen upgrades with the PS4 Pro and Xbox One X, probably helping the lifespan of these consoles. Still, developers have to make their games run on both the standard and pro models of systems. With the PS4 being the top-selling console this generation and last month along with God of War being the best-selling PS4 exclusive ever, Sony is in no hurry to release the PS5.

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