In June 2017, gamers all over the world were treated to an announcement that the PlayStation 5 is coming. News regarding this next-generation console has been sparse but a recent interview given by Sony CEO Kenichiro Yoshida confirmed that the system is indeed in development, Express reported.
However, the CEO didn’t give a lot of details regarding the PlayStation 5. “At this point, what I can say is it’s necessary to have a next-generation hardware,” Yoshida said. Even though this announcement is new for the gaming community, game developers are already hard at work in creating titles that will run on this upcoming console.
Square Enix – the developers behind “Shadow of the Tomb Raider” and the “Kingdom Hearts” franchise – is reportedly looking for engineers who will handle projects for the PlayStation 5. As per the job description, the company is searching for engineers who have experience with current and next-gen consoles.
One of the most anticipated projects that Square Enix is working on is the “Avengers” game, which is currently in development. While there is no confirmation from the developers themselves that the game is coming to the PlayStation 5, the job description above is a telltale sign that this is the case.
Exciting as this news is for the gaming community, it seems that the PlayStation 5 will not hit the market anytime soon. The CEO of Sony Interactive Entertainment, John Kodera, said that they’re still in the process of putting up the foundation that will uphold this next-generation console.
“We will use the next three years to prepare the next step, to crouch down so that we can jump higher in the future,” Kodera said. And with the company planning to implement this business strategy in its 2020 fiscal year, the PlayStation 5 will not come out until 2021 at the very least.
As for the name of the console itself, Kodera didn’t disclose such information about the system. Although the gaming community is dubbing the upcoming system the PlayStation 5, it’s still up for debate whether Sony will adopt the name or provide the console with a different one altogether.


Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns
Palantir Stock Soars as AI Demand Drives Strong Q2 Earnings and Higher 2026 Outlook
SK Hynix Bonus Dispute Deepens as Union Rejects Stock-Based Payout Proposal
T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger
Telegram Restored on Apple App Store After Temporary Removal
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns
Vast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop
OpenAI Restricts Astra AI Over Cyberattack Risks
Nintendo Shares Jump as Switch 2 Sales Boost Earnings
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised
Apple Restores Telegram to App Store After Content Policy Violation 



