If you are wondering whether Sony is developing its next-gen console or not, then here is some news for you.

In an interview with Financial Times, Sony CEO Kenichiro Yoshida said “At this point, what I can say is it’s necessary to have a next-generation hardware”. While this isn’t something surprising at all, the fact that Sony declared it formally hints that more information about the console isn’t far away.

Kenichiro refused to either name the hardware, or give any more information about the same, but the FT reports that its sources have said that the upcoming console “might not represent a major departure from the PS4, and that the fundamental architecture would be similar.” It’s just a matter of time before we hear more about the next console, although a release seems highly unlikely till late 2019 or early 2020