Sony has reportedly confirmed that it is in the process of building a new games console.

Sony confirms that it’s working on the next PlayStation

“At this point, what I can say is it’s necessary to have a next-generation hardware,” he said. Yoshida remained coy on whether it would be branded the Playstation 5.

Rumors that a new Sony games console is coming have been swirling, but industry watchers have also questioned how the firm would address the rise in popularity of streaming games to tablets and mobile phones.