Sony officially addresses that it's working on a new console

Sony planning Backward Compatibility for PS5 [Rumor]

Sony Could Be Planning Backward Compatibility for PS5

Read on see why the patent could suggest we could be getting the ability to play our PS4, PS3, PS2 and PS1 games on the Playstation 5.

Sony has already dipped its toes into the same waters with PlayStation Now and it's very likely that they will also offer a rival streaming service. This statement once again didn't confirm the nature of new Xbox hardware, but has lead many to assume an Xbox Two is on the way.

"At this point, what I can say is it's necessary to have a [sic] next-generation hardware", Yoshida stated.

This isn't the first time Sony's spoken about the currently-in-development game console; PlayStation division head John Kodera said the company is using the next three years to work on the next PlayStation.

That makes sense if streaming is to be the focus, since the whole point is that the device you play the game on doesn't have to be that powerful.

Venom bites head off October box office record
In stark contrast to the overall critical reception, the audience score on the review aggregator is almost 90%. Third place went to Warner Bros.'s "Smallfoot", with earnings of $14.9 million in its second weekend.

What was interesting was that several anonymous names within the Sony camp have stepped forward to say that it won't actually be that different from the PlayStation 4 other than a few tweaks in direction of potential portability and a renewed dedication to esports.

The PlayStation 4 and PlayStation 4 Pro will not be the last of the PlayStation console.

The biggest question of all though is when the PlayStation 5, assuming that's what it's called, will be announced and released. Rather than focusing on streaming games over the internet - a la Netflix - Sony is apparently working on a more powerful box for running prettier games.

Nonetheless, while the dominance of the console-as-a-platform may be fading, Sony appears to believe there's enough demand to merit at least one more generation.

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