Jack Tretton, the ex-president and CEO of PlayStation Entertainment America, has said that he believes Sony to be in a “good position” for the next console generation, although he believes the company will face “exponentially” more competition than during the PS4’s lifespan.

Talking to GamesBeat, Tretton said “I think they’re very well-positioned. The leader of the prior generation is always in a good position going into the new generation.”

He went on to discuss the hardware of the Playstation 5, which was revealed a few weeks ago. “From what I’ve read about the specs of PlayStation 5, it sounds impressive,” he said. “Their business model obviously worked well for them the last time around, and it doesn’t look like they’re going to deviate from that. They’ll be well-positioned. But I do think they’ll face exponentially more competition than they did the last time around.”

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Source: IGN.com Ex-PlayStation Boss Says Sony Will Face Big Competition Next-Gen