The ongoing debate between cloud and local gaming continues to highlight significant trends in technology and consumer preferences globally.

Azar noted that traditional cycles in the gaming industry are becoming less pronounced, allowing for sustained revenue through existing ecosystems.

Nishino hinted at potential innovations in player engagement, possibly exploring hybrid console models similar to those used by Nintendo.

Sony Interactive Entertainment CEO Hideaki Nishino has confirmed that the company is committed to developing a new console, likely the PlayStation 6, despite the growing popularity of cloud gaming.

As the PlayStation 5 approaches its five-year anniversary, speculation among gamers is intensifying regarding the next steps for the platform.

The upcoming PlayStation 6 is expected to utilize an AMD chip, which will ensure backward compatibility with previous PlayStation models, a crucial factor in Sony's decision-making.

Reports indicate that Sony opted to continue its partnership with AMD for the PS6 hardware after Intel sought to produce chips for the console but lost the contract.

Lynn Azar, SVP of finance, noted that the company anticipates maintaining revenue stability during the console transition, thanks to a diverse player base across PS4, PS5, and PC.

Azar explained that two-thirds of Sony's revenue now comes from subscriptions and microtransactions, which has reduced the traditional cyclicality associated with console launches.

The PlayStation 5 generation has generated a remarkable $136 billion in revenue, making it the most profitable console generation for Sony to date.

Key upcoming titles for the PlayStation include 'Ghost of Yotei,' 'Intergalactic: The Heretic Prophet,' and 'Marvel's Wolverine,' with 'Ghost of Yotei' being the most anticipated for 2025.

To satisfy current gamers' demands while PS6 development is ongoing, Sony recently released the PS5 Pro as a mid-generation refresh.