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MortienGerrux said:
As others have said, this may only be the first upgrade PS4 gets throughout its life. We could possibly see another upgrade around 2019 or 2020. Like I said above, the tech is just not advancing fast enough to make actual generational leaps in the tradition console cycle, so these performance tiers are a nessesity. I don't expect to see a true PS5 on a radically new architecture until at least 2024, because, CPU, GPU, RAM, and SSD tech will not be advanced enough for a full leap to 4K until then. At that point 4K VR will be the norm and 8K TV's will be starting to ramp up.

2024? By that time, a smartwatch will be more powerful then the current PS4.

My guess is that the next generation of consoles will be in late 2018 or early 2019 when Nvidia Volta/Next-Gen AMD arhictecture releases.

Of course if console gaming still exist in the future, with mobile gaming and PC gaming taking over...

Early 2019 will not be, because now is Tradition to release a console on November.