A 2020 release date for the PlayStation 5 is looking increasingly likely, as Sony is hit by slowing PS4 sales.
The PS5 release date has been subject to intense speculation (mainly by us), as fans and analysts try to pin down an exact launch window.
And it looks like Sony’s hand may be forced, because PS4 sales have started to drop.
Sony stock fell by more than 8% earlier this week, after it was revealed that year-on-year PS4 sales had dropped by almost a million.
Asymmetric Advisors analyst Amir Anvarzadeh believes that reduced sales and operating income signals the end of the PS4.
“There is more downside as we believe slowing growth in its games division signals a very likely PS5 launch for next fiscal year and the ensuing costs that come with the launch of a new platform,” he told Bloomberg.
The news comes after it was suggested that year-on-year video game revenue could drop for the first time since the mid-90s.
London research firm Pelham Smithers believes the market will shrink in 2019 and 2020.
Smithers blames ageing PS4 and Xbox One consoles, a lack of blockbuster releases and Fortnite-fatigue for the potential drop in revenue.
Mobile gaming is also expected to take a hit in China, as a stricter new approvals system comes into force.
This decline is expected to continue until the year following the launch of the PS5 and Xbox Two.
According to recent reports, Sony will host a small PS5 reveal in mid-2019, before showcasing the console in full at the returning PlayStation Experience (PSX) event.
Furthermore, it’s said that most studios are in possession of a PS5 dev kit, which is described as a monster.
This would certainly explain why Sony dropped out of this year’s E3 and didn’t host a PlayStation Experience event.