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That's a bit of a stretch. Mid doesn't need be exact. We have 'mid-life' not at the mid-point of our lives, not knowing how long we're actually going to live. Mid gen refresh could comfortably be 3 years in and 4 or 5 years out and still be a mid-gen device rather than a 3/8ths generation update.
True enough but the reason Sony gave for PS4 Pro was to mitigate the bleed of PlayStations owners to PC. Clearly Sony felt three years was the right time to prevent that so why is it okey to slip to four/five/six+ years from PS4 Pro?
Hardware wise. PS5 is and has always been a new generation in the traditional sense for Sony. It's only recently that they confirmed BC; perhaps they were waiting on emulators and whatnot to be solid enough before finally committing to it, and were always ready to launch without if beneficial?
You make it sound like Sony announced PS5 some time back and only just confirmed PS4 backwards compatibility but they happened at the same time in the same Wired article.
I disagree with the rest. In the traditional and literal sense, a new Sony console brought a radically different CPU, GPU, broader architecture and platform ecosystem and any form of backwards compatibility was the inclusion of some previous generation hardware. PS5 is the polar opposite of that in that it will have the modern evolution of the same CPU, GPU and broader architecture, with some solid state tech thrown in for good measure.
I am not expecting Sony to throw the baby out with the bathwater by building a complete new devkit, SDK and ecosystem platform because they will want to give developers the opportunity to continue to target PS4 owners, with the option of better experiences on PS5 just as there are for PS4 Pro.
In an alternate timeline, 2013 PS4 > 2018 4Pro > 2020 PS5, 4Pro fits just as it does in the current predicted timeline of 2013 PS4 > 2016 4Pro > 2020 PS5. that PS5 also being possible in 2019, or 2021. A later 4Pro would have had different sales of course, with more people being likely to wait until PS5 then upgrade.
In that alternative timeline Sony would have lost more PS4 owners to PC. Presumably three years was the sweetspot for them to maintain continued customer interest and investment in the platform. I know it's Sony but I'm pretty sure they didn't just throw at dart at a calendar. Well, mostly sure.