The PS5 is in the "latter half of the console cycle," but Sony says a price cut is unlikely

PS5 console on a wooden table.

The PS5 has entered the "latter half" of its life cycle, according to Sony, and a price cut looks unlikely.

Earlier today, February 14, Sony Group president Hiroki Totoki briefed investors and shareholders on what the upcoming fiscal year would hold for the company. During the briefing, Totoki said that the PS5 was in "the latter half of the console cycle," according to Bloomberg reporter Takashi Mochizuki.