“At this point, what I can say is it’s necessary to have a next-generation hardware,” Sony President Kenichiro Yoshida told the Financial Times. Yoshida, however, did not refer to the console as the PlayStation 5.

The next PlayStation is three years away, Sony boss Tsuyoshi “John” Kodera told reporters in Japan last night, confirming Kotaku’s reporting from last month that we won’t see the PS5 for a long time. Despite rumors floating around earlier this year, the PS4 is going to stick around for a while.