The next PlayStation console isn’t close to release, according to PlayStation CEO John Kodera.

This news comes hot on the heels of a Sony investor call in which the company said the PlayStation 4 is entering the "final phase" of its life cycle.

As Polygon reports, PlayStation CEO John Kodera told press after the call that the next PlayStation is a while away yet.

“We will use the next three years to prepare the next step, to crouch down so that we can jump higher in the future,” Koderna said.

A 2021 release for PlayStation 5 would place it eight years after the PS4’s 2013 launch (the longest gap in PlayStation history), but given how well the PS4 is selling (76 million consoles to the end of 2017), and taking into account the PlayStation 4 Pro mid-gen refresh, a longer life cycle for the PS4 wouldn’t be completely unexpected.

This news squares with a Kotaku report in April that pegged the PS5 for a 202 release at the earliest.

Over the next three years, Kodera plans to focus on exclusive titles and the PS4’s digital services, and he suggested that subscriptions and online services will play an even bigger role in whatever console comes after the PS4.

“We need to depart from the traditional way of looking at the console life cycle,” Kodera explained.

“We’re no longer in a time when you can think just about the console or just about the network like they’re two different things.”

Kodera also said Sony needs “a broader perspective” of mobile options because of the many different ways in which consumers connect to the internet away from their consoles and PCs.

Bloomberg reports that at a roundtable meeting with the press, Kodera said that "rather than separating portable gaming from consoles, it’s necessary to continue thinking of [portable gaming] as one method to deliver more gaming experiences and exploring what our customers want from portable. We want to think about many options.”

That seems to signal a change in philosophy at Sony: last September, then-CEO of Sony Interactive Entertainment Andrew House said Sony did not see an "opportunity" for portable video game platforms like Nintendo’s Switch.

Finally, for tech-minded folk, Eurogamer reports that Sony is working with AMD's Ryzen technology, which some are taking as a sign that its next console will incorporate it.

“Taken at face value, the fact that the platform holder is improving a key part of the developer toolchain for a new processor line that none of its products currently support is compelling evidence that Ryzen will indeed form a key component of a new console,” writes Eurogamer’s Richard Leadbetter.

“It is certainly the most logical choice for a new CPU architecture for both Sony and Microsoft as pre-production work on next-gen hardware continues behind the scenes.”