After Sony's success in PS4 and PS4 Pro, the company seems to be on a roll as nothing can currently compete against the hardware power that they can offer, at least when it comes to console gaming, not until Microsoft releases their Xbox Scorpio. Rumors are circulating everywhere that Sony might be gearing up for the PlayStation 5 with a possible late 2018 release. However, no official announcement has been made by Sony.

Possible PS5 Coming Soon According To Analysts

The PS4 is still selling like crazy but the current hype for the console may as well be short-lived as the console itself due to rumors that Sony is gearing up for a PS5 release. To release a new flagship console is extremely early but Macquarie Research Analyst, Damian Thong, says he expects Sony will do so in 2018 to "capitalize on its expanding software sales." According to him, Sony's profits will increase by 13 percent in 2018 and will reach JPY 565.6 billion by March 2019.

Thong believes that the Gaming and Network Services will have the most profit contributed to Sony come 2018. Partnered with great recent release exclusives (NieR: Automata, Nioh, and Horizon Zero Dawn) plus coming critically acclaimed titles (The Last Of Us 2, Days Gone, and God of War 4) and the unexpected success of the PS VR, a stable foundation is set to release a PS5. This move will ensure Sony's success for years to come.

PlayStation 5 And What It Means

Neither a specific release date nor official announcement has been given yet but one thing's for sure, if Sony is making a PS5, it will be their most powerful console yet. It will have 10 teraflops GPU and will offer 4K gaming according to Thong. Some might argue that Sony may be trying to one-up Microsoft again when they release their Xbox Scorpio, which they said will have 6 teraflops GPU and 4K gaming too. Sony needs to defend their top spot against a powerful console like Xbox Scorpio so the possibility of a PS5 might not just be a rumor after all.