LogFAQs > #978837447

seems like he means it's headed towards the latter stage of its cycle because he's expecting it to start selling less for its next fiscal year:

Sony senior vice president Naomi Matsuoka said the company now expects the sales pace of the PS5 to start falling from the next fiscal year, which begins April 2024 and runs until the end of March 2025.

Looking ahead, PS5 will enter the latter stage of its life cycle, Matsuoka is quoted as saying. As such, we will put more emphasis on the balance between profitability and sales. For this reason, we expect the annual sales pace of PS5 hardware will start falling from the next fiscal year.