PlayStation 5 will "probably" launch in 2019.
That's according to Wedbush Securities analyst Michael Pachter, who believes Sony will skip a 2018 drop to wait for more people in the US and the rest of the world to start using 4K TVs.
He told Gaming Bolt: "My expectation that is that it's not coming out in 2018. That is a 2019 0r 2020 but probably 2019. Sony is probably timing it better because they are going to bring out a 4K capable device when the 4K TV market reaches 50 per cent in the USA and 35 per cent in the rest of the world.
"I think Sony has probably got the next console cycle nailed down already. I think, they already know what they got to do."
This comes after PlayStation's US boss Shawn Layden admitted the company is on its way but it would "probably be some time" before it drops.
Michael believes the forthcoming console with be backwards compatible with the PS4 Pro, Sony's latest console which delivers a better level of 4K gaming performance.
He added: "The PlayStation 4 Pro is better [from a technical perspective] than the PS4, so I think that's a half step towards the PlayStation 5. I think the PS5 will be another half step.
"So he is being honest when he said he is not doing a half step but the PlayStation 5 ... how much faster can it be? It will surely support 4K. Will it support 240 frames per second? Great. Will it play games that were made for the PlayStation 4 PRO? That's the question. I think it will.
"So I think they will build a console that will backwards compatible with the PS4 Pro. So I think it will be perceived by the consumers to be a half step and I think Shawn is telling the truth when he says it's will be a full fledged console."
The PS4 was released in 2013 and, since then, speculation has continued to swirl about whether Sony planned to bring out another edition in the money-spinning series.