
Every seven or eight years, the gaming industry resets itself and starts a "new generation." These generations are named after console iterations, and we are now firmly in the ninth, which began with the release of Xbox Series S/X and the PlayStation 5 in late 2020.
Six years have passed since the current generation began, and following previous patterns, we are set to inaugurate the 10th generation by the end of 2027, if not 2028. Given that the state of console gaming is rather unpredictable, the next generation could very well begin even this year, and Xbox's latest announcement strongly indicates that.