Launched in November 2013, the Sony PlayStation 4 (PS4) has been a smashing hit over the years. So much so that the Japanese electronics giant shipped more than 60 million units of the fourth-generation PS console since launch. In fact, PS4 has so far outsold its arch rival, the Microsoft Xbox One by a huge margin — nearly by 200% according to some estimates.

PlayStation 5 release date
via gamecrate

Even though PS4 got what could be termed as a mid-cycle refresh in 2016 with the launch of the PlayStation 4 Pro, it appears as though Sony is prepping to launch the next-generation PS as early as next year. This new piece of info comes from Damian Thong, a Macquarie Capital Securities analyst.

Thong recently took to social media to state that the PlayStation 5 could launch sometime in the second half of 2018. Now, before you start thinking that this is just another half-baked, clickbait-ish rumor, consider that Thong had been spot on with his predictions regarding the PS4 Pro and the PS4 Slim.

Moreover, even if the forecast by Thong is inaccurate, don’t forget that it could take more than a year before we get any official confirmation from Sony regarding PS5. Perhaps it will happen at E3 2018.

playstation 5 launch date
In picture: PlayStation 4

Meanwhile, odds are that Microsoft will try firing a desperate salvo later in 2017 with the release of Project Scorpio that promises to deliver 6 TFLOPs of 4K gaming prowess.

Come what may, it will be interesting to see how successful Project Scorpio with its high-octane GPU turns out to be in bridging the gigantic gap with Sony when it comes to sales figures.

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[Also read: Best Upcoming PS4 Games]