Sony Says The PS5 Will Not Launch Before 2020

The next-generation PlayStation recently detailed by Sony Interactive Entertainment will not launch within the current fiscal year, which ends on March 31, 2020, the company stated during its financial results meeting today.

Sony plans to invest much of 31.1 billion yen to develop the next-generation PlayStation.

Sony also revealed that PlayStation Now has had an average 40 percent annual growth since launch, and is now at 700,000 subscribers.

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