Sony says PS5 still on track to launch later this year

Sony has confirmed in a statement to Bloomberg News that the company does not currently see any delays to the PlayStation 5’s Holiday 2020 launch despite the current global health crisis.

Sony posted an investor note today on the current situation highlighting that they do not see any negative impact on their games & services business for the current fiscal year.

Sony estimates that there will be no material impact on this business for the current fiscal year. Although no issues have emerged so far, Sony is carefully monitoring the risk of delays in production schedules for game software titles at both its first-party studios and partner studios, primarily in Europe and the U.S.

Beyond that, a Sony spokesperson told Bloomberg that the PlayStation 5 is still on track to launch in Holiday 2020 and more information on the console will be announced in the coming months.

The latest info drop on the PlayStation 5 occurred earlier in March with a PlayStation 5 GDC Video that Mark Cerny, lead systems designer, hosted showcasing a deep dive into the specs of the system. A recap of that info is here.