Sony introduced the PlayStation 4, a successor to the PlayStation 3, in 2013. The console received a great response and its sales crossed more than 50 million units. Now reports suggest that the Japanese electronics giant is preparing a successor to the PlayStation 4 called the PlayStation 5.

According to a report from Macquarie Research analyst Damian Thong, the PlayStation 5 will be released in the second half of 2018.

Sony remains quiet regarding the PlayStation 5. In this post, we’ve rounded up everything you need to know about the console.

PlayStation 5 Rumors, News, Features

Thong, who successfully predicted the launch of both the PS4 slim and the PS4 Pro, has said that the successor to the PlayStation 4 will be more powerful than the Xbox Project Scorpio.

The Project Scorpio, which is set to be released later in this year by Microsoft, will feature 6 teraflops of graphics processing unit. The company’s most powerful console will be to play 4K games and videos.

According to Thong, the PlayStation 5 will get more than 10 teraflops of power, significantly more than the Scorpio. It will also play games and videos in the 4K resolution.

Rumors suggest that Sony will release two versions of the PlayStation 5. It is rumored to offer a support for a virtual reality headset. According to the rumors mill, Sony will ship the console along with the virtual reality headset.

PlayStation 5 Price and Release Date

Sony is expected to offer the PlayStation 5 for $500. Microsoft could also set a price tag of $500 for the Project Scorpio.

Thong believes that the PlayStation 5 will be released in the second half of 2018. However, some reports suggest that the console won’t arrive until 2019.