It's to bolds, and it's for a simple reason: the PS5 will come out sooner than everyone is expecting.
Sony has already stated that the PS4 Pro was a defensive move against PC, as they noted consumers move to PC in a console's midlife. The PS5 will be another half-step to keep players on PlayStation. With more revenue coming from PSPlus, they want to keep consumers on as long as possible. This means Sony has a greater incentive to keep people on PS and not migrating. There is also the reality of Nintendo Switch which will absorb a lot of Sony's software pipeline. Because Sony is dependent on third-party companies to bring the software, they can't let Nintendo remain unchallenged. If Sony waits to long, all of the new projects that are starting could be Switch focused or a Switch exclusive. The big driver is PC, but I think Sony will move as Switch gets more and more software (removing Sony's competitive advantage over Nintendo).
I do think projections for PS4 are overly aggressive anyway. Sony projected a decline in shipments which means a decline in sales going forward. 2017 will likely be about 2016 and then decline thereafter. 2018 will not see 20 million sold (18m would be good).
It could probably break 100 million over the next two years, but I think it will end up right around there.
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Known as Smashchu in a former life
