The PlayStation 5 is still on course for a holiday 2020 release according to Sony despite the uncertainties sorrowing the CODD-19 pandemic. The company also revealed the PS4 has sold more than 110 million units globally but its year-on-year gaming revenue dropped by 14 percent. Sony attributed the drop to lower hardware and software sales as part of its fiscal 2019 earnings released today.
So far, Sony has only revealed the logo, controller and hardware specifications of the PlayStation 5. “Regarding the launch of PlayStation 5, although factors such as employees working from home and restrictions on international travel have presented some challenges in regards to part of the testing process and the qualification of production lines, development is progressing with the launch of the console scheduled for the 2020 holiday season,” Sony revealed in its report.
The company also affirmed there have been no major problems disrupting the development of its own first-party games or partner studios. Sony is known to use first-party titles to promote the sales of its consoles and the PS4 has benefitted immensely from this. The company announced a new PlayStation Studios brand which will handle its first-party games when the PS5 is launched.
Microsoft has confirmed a holiday 2020 release for its Xbox Series X and also showcased upcoming Games so far. Neither the company or Sony has announced the price for its next-gen console so far but more information is expected in the coming months.