The PS4 is now in the final phase of its life cycle, according to PlayStation President John Kodera.

　　That’s what Sony’s fresh PlayStation CEO told investors during Sony’s Investor Relations Day 2018, as translated by Wall Street Journal reporter Takashi Mochizuki.

　　Sony released the PlayStation 4 back in November 2013, and after 5 years, its now entering its final stage in its life cycle. "PS4 is entering the final phase of its life cycle, which would have a negative impact to the unit, but recurring revenue via membership services etc should cushion some of that”, Kodera told investors as translated by Mochizuki.

　　SIE head Kodera told analysts and investors that the period until March 2021 would be when PlayStation to "crouch down once" to grow further in the future.

　　hmmmmmm.

　　— Takashi Mochizuki (@mochi_wsj) May 22, 2018

　　John Kodera also had something to say about releasing more PlayStation first-party exclusives. “Beefing up first-party titles wouldn't just mean more new IPs”, Kodera said (translated by Mochizuki). “Strategy includes franchising successful IPs and refreshing existing IPs.”

　　SIE chief Kodera: Beefing up first-party titles wouldn't just mean more new IPs. Strategy includes franchising successful IPs and refreshing existing IPs.

　　— Takashi Mochizuki (@mochi_wsj) May 22, 2018

　　SIE chief Kodera: You can expect more exclusive titles for PS platforms!

　　— Takashi Mochizuki (@mochi_wsj) May 22, 2018

　　Earlier this year we already reported on some PS5 rumors suggesting that the console might be releasing next year, although Wedbush Securities analyst Michael Pachter believes that it will likely release in 2020. Website Kotaku later reported that they also heard that the console is likely to release in 2020 for numerous reasons.