The latest reports from leading analysts provides a mixed picture, with some expecting news before others.
Some believe that an announcement could be made by Sony in 2018, although this would mean hurting PS4 and PS4 Pro sales.
Others believe that will be waiting until 2020, with Wedbush Securities analyst Michael Pachter explaining why he thinks next year will be too early.
This boils down to the PS4 range of consoles doing so and so wanting to get as much out of it as possible.
Speaking on The 1099 Podcast, Pachter revealed that he thought Sony would extend their market dominance with the PS4 Pro, which wouldn’t likely subside until 2020.
“Sony is making so much money with the PS4 that I think they’ll continue to milk it as long as they can milk it,” Pachter explained.
“And I think the natural extension of that is the PS4 Pro becomes the default PS4, and they just knock that price down to $250 when they can and they keep selling it — a ton of those.
“The PS5 is probably going to be their real 4K device, and so it just feels to me that they’re not going to launch the PS5 until sales momentum for the PS4 slows, and it just hasn’t.
“So you certainly get through 2017, 2018, and I just don’t see it slowing in 2018 which should prop them to launch something in 2019. If it slows in 2019, they’re probably launching in 2020.”