Jim Ryan Confirms “PlayStation 5 won’t natively support PS3, PS2, and PS1 games”
Things didn't workout

In an interview with Famitsu, Sony Boss Jim Ryan said that PlayStation 5 won’t natively support PlayStation 3, PlayStation 2, and PlayStation Games. According to Jim Ryan, they wanted to support PS4 Games because It has over 100 million playerbase. At the same time, they had to focus on incorporate high-speed SSD’s, and the new DualSense Controller. They were able to do that with PS4. However, that was not achievable with PS3, PS2, and PS1.
The Interview Translated From Japanese goes like this “We have been building devices with a focus on PS5-specific engineering. Among them, PS4 already has 100 million players, so I thought that I would like to play PS4 titles on PS5 as well, so I introduced PS4 compatibility. While achieving that, we focused on incorporating high-speed SSDs and the new controller DualSense in parallel,” Ryan told Famitsu. “So, unfortunately, compatibility with [PS3, PS2, PS1] has not been achieved.”
Sony has been heavily criticized over the past 72 hours for their mixed statements on PS4 Games. Previously, Jim Ryan and Sony concluded that they will truly move to next-gen, and there will be a lot of PS5 exclusives. Yesterday, we heard about the PS5 Blog announcement, In which Sony mentioned that 99 percent of PlayStation 4 games would be playable on PlayStation 5. At the same time, Sony also announced that a lot of PlayStation 5 games were coming to PS4. This has sparked various discussions if the next-gen upgrade is now worth it or not.
While people debate over next-gen upgrades. Future PS5 owners should be happy because they will be able to play the top-rated PS4 Games on PS5 through PlayStation Plus. Expect a lot of old games like God Of War and Fallout 4 to be there. But, don’t expect new releases like Spider-Man: Miles Morales on the subscription, because Sony does not believe in adding new exclusives to their subscription Model.
While you are at it, take a look at the PlayStation 5 pricing, accessories, games, and release date.