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Sony isn't done with its traditional consoles just yet, however, as CEO Kenichiro Yoshida revealed to the Financial Times that a PlayStation 4 (PS4) successor is now in the works.

The Financial Times also suggests that Sony is planning to release a tablet that would connect to multiple devices, which could match up to earlier rumours that Sony is planning to make a new portable console.

During an interview with the Financial Times [via Games Industry], the Sony CEO confirmed that a next generation PlayStation, nearly definitely the PS5, in on the way.

"There will be one more console generation and then after that, we will be streaming, all of us", Guillemot said. Neither outright replaced the base console - instead, they offered better graphics and performance for the same games. Still, all good things must come to an end eventually, and with Microsoft confirming that it is indeed working on the next Xbox earlier this year, Sony has made a decision to follow suit.

A couple weeks ago, Sony (snejf) said it was experimenting with letting people play the hit game Fortnite across the PS4, Android, iOS, Xbox One, Nintendo Switch, Windows and Mac machines.

Google Pixel Mini codename ‘Bonito’ seen on GFXbench
The new device, dubbed Pixel Slate , can be used as a standalone tablet, or docked with a keyboard case and used like a laptop. On the other hand a report by CNET suggests that the new Chromecast model will feature Bluetooth and improved 5 GHz Wi-Fi.

As VR and mobile games continue to be threats to traditional models of video gaming, the console wars just got extended through the foreseeable future.

However, the Financial Times claims its sources indicate the actual hardware won't be that different to the PlayStation 4.

The PlayStation 4 has been on the market for 5 years now.

Instead, it launched a remastering programme, but gamers are keen to see backwards compatibility return for the PlayStation 5.

Regardless of what Sony declined to say, we now know that new hardware is in the works.