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According to IGN (This article and its images were originally posted on IGN October 9, 2018 at 06:48AM.)
They won’t call it PlayStation 5 right now, but Sony has finally confirmed that, yes, it has another console on the way.
Speaking to the Financial Times, Sony CEO Kenichiro Yoshida said “At this point, what I can say is it’s necessary to have a next-generation hardware”. Yoshida wouldn’t commit to a name, or explain what form that hardware would take.
It’s not an enormous surprise that Sony would have begun development on a new console – not least because multiple games have already been announced for next-gen consoles. However, Sony openly admitting that it is working on hardware has led some to conclude that a formal announcement could be closer than expected.
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