Even though its successor has yet to be announced, the PlayStation 4 is entering the final stage of its lifespan, according to Sony Interactive Entertainment CEO John Kodera.

Kodera informed analysts and investors that the console is entering the final phase of its life cycle, with The Wall Street Journal’s Takashi Mochizuki reporting the news on Twitter. The news was delivered in the context of console revenue, which Kodera noted would be negatively affected by a decrease in unit sales. However, Sony expects that recurring revenue from membership services such as PlayStation Plus will help offset the impact.

Kodera’s statement would suggest that Sony is gearing up to announce the PlayStation 5 relatively soon — though the company has previously stated that it has no plans to do so in 2018 — but the CEO went on to suggest that March 2021 will be the time when the company will be looking beyond the PS4 and into the future, which means that the PS4 still has at least a few years of relevancy left.

On that note, Kodera also discussed first-party titles, saying that there will be renewed focus during the PS4’s final phase on not just more new intellectual properties, but refreshing existing IPs and franchising the successful ones. He told investors that more exclusive titles are on the way and that “PSVR [is] growing, but [the] industry’s growth is below market expectations.”

The PS4’s software lineup is looking strong so far in 2018, with the incredible God of War shipping last month. Be on the lookout for our review of the latest Sony first-party game, Detroit: Become Human, later this week.

Source: The Wall Street Journal