By | April 30, 2019
PS5 Release Date Will Be After March 2020, Says Sony

Sony has confirmed that the PS5 release date won’t be until after March 31, 2020

Highlights
  • PS5 won’t launch until after March 2020
  • No price has been revealed yet
  • PS5 will ship with a SSD instead of a hard disk

If you were hoping for the PS5 to hit store shelves this year, think again. Sony has confirmed that the PS5 release date won’t be until after March 31, 2020. Yes, it won’t be out this fiscal year. This was revealed during Sony’s earnings call last week. With developers rumoured to be having access to PS5 developer kits recently, this should come as no surprise. Throw in the fact that The Last of Us Part II (pictured above) doesn’t have a release date yet and is speculated to be one of the last big PS4 exclusives and a PS5 remaster suggests there’s some life in the PS4 just yet.

Previously, Sony announced that the PS4 has hit lifetime to date sales of 96.8 million. With 17.8 million units sold last year, Sony is forecasting 16 million for the year to come. Furthermore it has seen larger than usual expenses in terms of research and development (R&D) due to the PS5’s impending release date.

While Sony didn’t call out the PS5 by name, it did say that its gaming division had an “increase in development expensed for the next generation console”.

With the PS4 is in striking distance of the 100 million sales milestone, hardware sales have been flagging and Sony’s profits have been boosted by strong software sales as well as PSN revenue that’s totalled $12.8 billion in 2018 alone. This includes full game downloads, add-on content, PS Plus subscriptions, PS Now, and other PSN services.