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I've already made the prediction that sometime in the 2020s we will see a portable PS5. The handheld would be a machine that's 4x less powerful than the console, and it would play the entire library at 4x lower resolution (900/1080p). It differs from the Switch in that it'll be 2 different devices that play the same games.

One of the main things Sony will focus next gen is scalability. A regular PS5, PS5 Pro, and probably a PS5 Go will be on offer.