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Are we basing this when the PS5 comes out, or when the PS4 is discontinued?
If we're basing sales on the PS5 release, which will be either 2020 or 2021 - it's sales will probably be around 105/110 Million units

Life time sales when it'll be discontinued will probably be around 120/125 Million units.

The President of PlayStation Japan said that they won't release the PS5 until 4K TV ownership reaches appropriate levels.