With the PS6 unlikely to appear before 2028, you might imagine Sony would be in the business of trying to shift as many PS5s as it can. But newer Sony CEO Hiroki Totoki has a very different perspective, as revealed during an interview with The Wall Street Journal. He seems quite happy with the 125 million people currently registered with PS Plus, and is putting the focus on how to get those established customers to spend more money.

The recent, colossal price increases for the PS5 have marked the first time the console has gone up in price during its lifetime. Thanks to the component crisis and AI arms race, the PlayStation 5 now costs 30 percent more than it did at its launch in 2020, and that’s obviously going to slow sales. But Hiroki Totoki, president and CEO of Sony for just over a year, confidently believes this happened late enough in the machine’s life-cycle not to be detrimental to profits. When the WSJ asked about the difference between Sony and Nintendo, with the latter launching its new console in the midst of the crisis, Totoki explained, “It is lucky, you know. We are in the latter half of the lifetime cycle of a PS console. That means that we do not need to aggressively sell the console today.”

“The latter half” is perhaps putting it mildly. New PlayStations have previously come out every six or seven years, meaning we’d usually be in the console’s final moments. However, thanks in part to a slowing of fidelity improvements in PC tech and to the deeper capability of the current tech as shown off via the recent GTA 6 footage, the PS5 doesn’t feel like a console on its last legs, giving Sony a lot more room before it needs to figure out how to produce a PS6 for under $1000.

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