PS1 discs had a special wobble made into them to prevent piracy, the wobble protected the data area while writing audio data into a normal pattern that could be read by other drives.
In order to read that disc they need to add emulation or hardware into the PS4. This is no problem for them.
The reason why they don’t is they want to create an app store so they can resell the games source code. So rather than getting a free emulator or a $30 emulator they can charge $30 per game.
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