UPDATE: As reported by the Wall Street Journal earlier this week, Sony’s current CEO, Tsuyoshi “John” Kodera, announced that the next PlayStation is at least three years away. 

“We will use the next three years to prepare the next step, to crouch down so that we can jump higher in the future,” saidKodera.

 

ORIGINAL STORY: Despite the impressive sales numbers for the PS4, John Kodera, Sony’s CEO, has gone on record via Sony’s Corporate Strategy Meeting as saying that the PS4 is entering the final stages of its life cycle. This comes after last month’s announcement that the PS4 has sold 79 million units in its lifetime as of right now. This will not affect the price of the PlayStation 4 any time soon though.

It’s important to note that this revelation came as part of a discussion about the console’s long term viability as it relates to future investments. It does not mean that the console is slated to discontinue production any time soon, nor does it mean that the next generation of consoles is coming anytime soon.

For now, we can expect the PS4 to continue to sell well as new games like The Last of Us Part II, Marvel’s Amazing Spider-Man, and Detroit: Become Human arrive on store shelves.