Sony commits to successor for PlayStation 4

• Microsoft yesterday, announced they moving forward with 'cloud gaming', but Sony on the other-hand recently gave an interview to Financial Times were they pointed out now is the time to start working on 'next-gen' PlayStation to have it ready within 3 years or so.
  

  “At this point, what I can say is it’s necessary to have a next-generation hardware,” said Kenichiro Yoshida, Sony’s president and CEO, in an interview with the Financial Times.
  
  Yoshida did not name the console, so there’s no information yet on whether it will officially be called the “PlayStation 5.” There’s also no word on a release window, although John Kodera, the CEO of Sony Interactive Entertainment — that’s the official name of the company’s gaming division — suggested in May 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,” said Kodera. Sony plans to employ that strategy through its 2020 fiscal year, which ends in the spring of 2021, so the PS5 may not come until after that point.
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  So what do you think is 2021 too long ahead for an PS5, or are we going to see another PS4 upgrade before then, and how will Sony survive with an 'next-gen' dedicated console, if by then gamers have embrace the new era of 'cloud gaming' on any device they want?
  
  NEWS SOURCE: Sony confirms it’s working on the next PlayStation console (via) PolyGon