During the presentation by Sony Interactive Entertainment, a video showed the performance upgrade the PS5 will have thanks to improved power and high-speed SSD storage. The new console loaded several times faster than the PS4 Pro and sped through an open world with no noticeable slowdown.
"We will harness the power of new technology to offer completely transformative and immersive
experiences," read the following slide.
Other PS5 details confirmed in the presentation included the console's backward compatibility, 8K resolution, support for discs and ray tracing. The Tokyo-based company still didn't give details on price, global release date, games or user experience.
Sony did give some insight into its future with cloud gaming. "A massively enhanced PlayStation community where enriched and shared PlayStation experiences can be seamlessly enjoyed independent of time and place – with or without a console," it said in a presentation slide titled "Role of Streaming in Next Gen." The company also brought that it will use 5G technology to make PlayStation "The Best Place to Play."
Even though the PS4 is on the way out, Sony plans to support the console for another three years. So far, 96.8 million PS4s have been sold, with 94 million using the PlayStation Network every month.
Update, 10:36 a.m. PT: Adds additional info from presentation.