While Ryan wasn't ready to share key details on launch date, price point, game library, or "user experience" for the next PlayStation, he did say the company was "completely focused" on getting those details right this time around.
Reported by Bloomberg, according to sources familiar with the matter, negotiations between Sony and Microsoft began previous year and were led by Sony's senior management in Tokyo - mostly without the involvement of Sony's PlayStation branch.
Sony's announcement that it was to work with Microsoft on streaming services caught everyone by surprise, including the staff at PlayStation if a Bloomberg report is accurate.
As for the mentions of "streaming, cloud, and 5G technologies", that also makes flawless sense for PS5, and especially so in light of recent reports that Sony has formed a partnership with Microsoft on video games streaming. Apparently, no one was more shocked than the PlayStation team, who were blindsided by the deal, according to a report by Bloomberg.More news: Dressbarn closing all 650 stores, ceasing operations
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As part of these efforts, Sony agreed to a memorandum of understanding (MOU) with Microsoft Corp.
Notably, the data servers behind Sony's PS Network are now run by Amazon Web Services, but according to a person familiar with the matter, Sony and Amazon couldn't agree on commercial terms for deeper collaboration on cloud gaming when they met a year ago. With global internet speeds still too slow to support cloud gaming in a meaningful way, Sony's next-generation PlayStation console is still well-placed to dominate the market.
But, Asymmetric Advisors strategist Amir Anvarzadeh has a different take.
Sony's PS5 next-generation console will offer improved cloud gaming performance and "dramatically improved graphics rendering" power. It could be Xbox that ends up with a huge advantage over its rival from a technological and pricing standpoint. It will probably be at least two-years-old by the time the new console is released, practically obsolete in software terms - and Mochizuki also shared a company slideshow that revealed the PS4 is expected to " remain the engine of engagement and profitability for the next three years".