Summary
The release of new gaming consoles has slowed compared to the past, with no PlayStation 6 on the horizon as the PS5 celebrates its fifth year. PlayStation's business head, Eric Lempel, says there is still a lot of life in the PS5, with popular games still to come. Longer game development times and strong PS5 sales contribute to the console's extended cycle.
Key Facts
- New gaming consoles used to launch every five years, but this pattern has slowed.
- The PS5 is five years old, and there is no sign of a PlayStation 6 being released soon.
- Eric Lempel, PlayStation's business boss, says the PS5 still has a lot to offer gamers.
- The PS5 faced supply chain issues at launch due to a global chip shortage but has sold over 84 million units worldwide.
- Game development now takes longer, with fewer games being released per console generation.
- Upcoming high-profile games for the PS5 include Marvel's Wolverine and new games from Naughty Dog.
- Gamers are playing more diverse games, including smaller indie titles.
- The PS5 outsells Microsoft's Series X and S consoles but not handhelds like the Nintendo Switch and its successor.
