Sony expects Playstation 3 to last a decade for its owners

Japanese maker of videogame consoles Sony has said that PlayStation 3’s life cycle will last for 10 years.

The company also said that they do not expect launch a successor to this gaming console for at least the next five years.

SCEA president Kaz Hirai said in a statement on their plans with the Sony Playstation 3 gaming console: “We look at our products having a 10 year life cycle, which we’ve proven with the PlayStation. Therefore, the PlayStation 3 is going to be a console that’s going to be with you again for 10 years.”

He further said: “We’re not going to ask the consumers to suddenly buy another PlayStation console in five years’ time and basically have their investment go by the wayside.”

Hirai clarified on a potential successor to this console: “I can’t speculate on when we might come out with a new console after PlayStation 3. But my message is that once you become a family in the PlayStation family of products, you become a family member.”

Sony would be launching Playstation 3 sometime this November.