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Nautilus said:

So this idea of itineration, in the sense that if you get a console now it will last 15 years, is simply ridiculous.Eventually you will need to upgrade.The same happens to the smartphone market after all.

 

I don't think the console will last 15yrs..... I dont think thats how console iterations will work. 

I see it more like this.

They make the PS4Neo..... and all gsmes will work on both the PS4neo and the PS4. Then they make the PS5. this is 8yrs after the original PS4 was released. And 4yrs after the PS4neo was released. At this point all gsmes made for the PS5 will also be playable on the PS4neo but not necesarily on the PS4. Or even if on the PS4 at very very low settings. 

The emphasis would be on phasing out hardware rather than starting all over again. The idea would be that any gamer will have a console for no more than 4-6yrs and then can upgrade knowing fully well that all his old  games will work and he is good for the next 6-8yrs if he so chooses. Its kinda what already happens now, just that then BC is gauranteed and you dont actualky have to upgrade to get the latest games. But when its at a time that you do, it would be that you are holding onto hardware that is at last 7-10yrs old.