Sony Just gave their 2016 Financial Forecast and in the game segment they say they will sell 20 million PS4. If my memory is correct only PS2 and Wii have sold 20 million or more consoles in a financial year. 

So a price cut is incoming? and more games coming?

Complete financial Forecast PDF

VR hype plus pricecut. I think they want to push VR so they will pricecut the PS4.

They also expect to sell as many PS4s as smartphones, but the gaming division is expected to attain the most profit along with Financial services.

Maybe that will happen due to the bump that the Neo could give.I think thats why.

Thats a bold prediction and what is scary is that they have usually been very conservative in relation to results. I mean its possible of course but man thats huge.

Pretty sure all their estimates pertaining to the PS4 have deliberately been modest, and they've managed to outperform on said estimates. I'm wondering if this 20 million is again a modest estimate. What's the most a console has sold in a fiscal year that we know of?

I mean, why not? Sales in the US are up like 10% YoY, if that can translate to shipments and WW numbers you in theory already have 19.5million shipped. Then games like Uncharted 4, Horizon and Gran Turismo can get the other 500k, together with PSVR and the Neo. It wouldn't even surprise me if Sony is low balling it, there's so many things which might influence sales and as a business you'd obviously rather have your predictions be too low than be too high.

Look at that Operating Income!

VR Hype, Neo, Price cut.. yeah it's possible.

On another note, Sony's overall forecast was pretty hard hit by the earthquake. 100 billion yen less in operating income as a result of it. :-|

PS4 is the new PS2 :P