Many gamers are excited for Microsoft’s Xbox One X, which they have boldly claimed to be the “most powerful home console ever.” However, it seems that Sony has been quietly working on doing Microsoft one better by preparing a full-fledged next-gen console.

According to an article from GamingBolt.com, Sony Interactive Entertainment America president and CEO Shawn Layden has confirmed that development will start on a PlayStation 5 soon. Naturally, many questions followed this announcement, most pressing of which was the possible release date. While no official word has come from Sony, Wedbush Securities analyst Michael Pachter has made his own predictions to the PS4 follow-up. Pachter believes that the PS5 will be backwards compatible with the PS4 Pro and base PS4 games, and that the console will most likely release sometime in 2019.

Not everyone is excited about the news of a PS5 coming that soon, particularly gamers who purchased the PS4 Pro. Some PS4 Pro owners feel that with this announcement of the PS5 makes their recent console purchase a waste of money. Pachter weighed in on this:

I really like Shawn and I don’t think he is attempting to mislead anybody. The PlayStation 4 Pro is better [from a technical perspective] than the PS4, so I think that’s a half step towards the PlayStation 5.

Pachter also shared his predictions on what technical specifications the PS5 would be capable of:

It will surely support 4K. Will it support 240 frames per second? Great. Will it play games that were made for the PlayStation 4 PRO? That’s the question. I think it will. So I think they will build a console that will backwards compatible with the PS4 Pro.

As for why he specifically believes it will be released in 2019, Pachter shared this theory:

Sony is probably timing it better because they are going to bring out a 4K capable device when the 4K TV market reaches 50% in the USA and 35% in the rest of the world.