Sony Corp's PlayStation 4 Console
A man plays a video game on Sony Corp's PlayStation 4 console at its showroom in Tokyo July 16, 2014. Reuters/Yuya Shino

Sony's PlayStation 5 continues to be one of the most talked about gaming consoles today. Only a couple of years after its predecessor had rolled out, the rumour mill became abuzz with reports that its next-gen gaming flagship is going to feature the best and most powerful specs that can be packed on a console.

Shuhei Yoshida, the president of Sony Worldwide Studios, told Recode that the company was already busy discussing the next PlayStation installment. It appears that he gave the game creators full rein with the PlayStation 5 design and specs.

"It is really up to the game creators," Yoshida revealed. "If they still feel that we need more machine power - 'We want to realize this and that and that, but we cannot do it with PS4' - if that is the case, there is a good reason to have PS5. So that developers can create their vision. So, we will see."

Today, almost all companies in the gaming industry have upped their game. Games now have increased performance and improved graphics. That said, Sony may have noticed the significance of doing something new to further develop an advantage over its rivals. Sony just might enter the virtual reality gaming market - which is gradually on the rise - with a newly redesigned platform.

In line with this news, it is likely that Sony's PlayStation 5 will no longer support physical disc copies. According to Yibada, gamers would rather save and load their in-game progress with cloud storage - since it is more convenient.

Also, Tech Radar is convinced that once online streaming for game downloads develops into a norm in the gaming industry, the PlayStation 5 might turn out to be a disc-less gaming device.

To date, Sony has neither confirmed nor denied these rumours. That said, reports about the PS5 must be taken with a grain of salt.

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