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curl-6 said:
The_Liquid_Laser said:

The PS3 waited 7 years, because it was such an ambitious console with ambitious specs.  It launched with a $500/$600 price tag.  It actually got a $400 model in 2007 which would be 6 years before the PS4 launch.  Also financial losses were a big factor why Sony waited to release the PS4.  It needed to make sure that it wouldn't sell at too much of a loss even at launch.

The PS4 was not considered to have ambitious specs when it launched.  Also Sony is not hurting financially like they were during the PS3 years.  There is no business reason for Sony to wait.  It is smarter business for them to release in 2019.

As for Microsoft, they are a wildcard.  They are still figuring out the console business in a lot of ways.  Also a lot of their strategy is around figuring out how to "punk" Sony in some way.  If they can upstage Sony then they will do it.  With the XBox360 they upstaged Sony by releasing a year early.  But they might come up with some new tactic for their next console.  We'll just have to wait and see.

What about riding the PS4 gravy train for as long as possible as they're making money on it and are under no pressure to move on to the next gen?

When Sony released the PS2, the PS1 continued to sell with very long legs.  It's gravy train did not end when the PS2 released.
When Sony released the PS3, the PS2 continued its gravy train continued for a long time.
The PS4 is a very solid console like the PS1 and the PS2.  It will have strong legs even after the PS5 releases, regardless if it comes out in 2019 or a later year. 

What Sony needs to be worried about is the PS5.  The PS2 was the best selling console of all time and that did not help the PS3 one bit.  The PS4 is very solid, but that will not help the PS5 one bit.  The longer they wait to release the PS5, the harder time it will have in the marketplace.  The Switch already has a head start that is two years old and growing.  Are they going to let Microsoft have a head start too?  How much are they going to cripple the PS5 before it even launches?