According to Macquarie Capital Securities analyst Damian Thong Sony could release their next gen console in the second half of 2018.

It has been observed that Damian Thong has been spot on with his previous predictions of Sony's console releases. He predicted the release of the Sony Playstation 4 Pro and Slim.

Here's what he said
Even without any insider knowledge, I can say with certainty that Sony is working on a new console, because these things take years to develop. But will we see it on shelves in 2018? I seriously doubt it. While announcing a new console could potentially be a way for Sony to disrupt the momentum Microsoft is building with Project Scorpio, the PlayStation 4 Pro is barely six months old right now and its official announcement isn’t even a year old. While consoles are moving toward a mobile phone-like model for updating and compatibility, fans would balk at a new console so soon.

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