United Kingdom, Nov. 12 -- Sony has said the PlayStation 5 is "only in the middle of [its] journey".

Speaking during Sony's latest quarterly earnings call, Chief Financial Officer Lin Tao told investors the company sees the PS5 - which launched on November 12, 2020 - as only being halfway through its lifecycle, noting that console lifespans are getting longer.

Tao said: "Our view is that compared to conventional console lifecycles.

"Looking at the PS4 lifecycle, it seems to be getting longer and longer. Especially the PS4, which was launched in 2013, and it's been over a decade since then, but there are many active users enjoying the consol.

"So from that perspective, we believe that the PS5 is only in the middle of the journey, and w...