New Installation Of The System Software on your Playstation 4 is used when you replace your Playstation 4 hard drive(you can also use it if you are having minor issues with your console)
First you will need USB flash drive(1GB usb flash drive will do the job just fine).
Download the new up to date Playstation 4 System Software.
Download location for new up to date software is here: (Current version is 5.01)
When you download it, remember it’s location because you will need to copy it on your USB flash drive when we finish preparing your USB flash drive.
Insert your USB Flash Drive, open your computer, right click on your USB Flash Drive(most common name is Removable Disk) and choose Format option.
For file system choose “FAT32”), Alocation unit size leave as 4096 bytes.
Volume label is not important, you can leave it empty, check “Quick Format” option and click “Start”
When it finish formatting, open your USB Flash drive and create folder “PS4″(without Question marks), open it, when you are inside it create another folder called “UPDATE”(again without Question marks)
After that open UPDATE folder and inside it copy file “PS4UPDATE.PUP” that you downloaded earlier.
It should look something like this:
Now go to your Playstation 4 console and turn it off completely(make sure it’s turned off and that power indicator is not lit), if it is on, press and hold power button for at least 7 seconds(until system beeps for a second time).
Now, when your console is turned off, insert your USB flash drive in your front USB ports on your console and press and hold power button again for at least 7 seconds and your Playstation console will start in Safe Mode.
Select Option “INITIALIZE PS4(Reinstall System Software)”
Follow the instruction to complete the update.
If your console does not recognize the update file, you probably didn’t name folders correctly, so go and check that all from beginning, or you have bad USB Flash drive.