During an earnings call with investors, Sony has revealed that it won’t release PlayStation 5 before April 2020 at the earliest.
To be more precise, Sony has shared that it doesn’t plan on launching a next-generation PlayStation console in time for the current fiscal year, which ends on March 31, 2020.
This doesn’t come as a huge surprise, since console usually launches in the second half of the year, so it should be around for October/November if everything goes as planned.
Anyway, the company has discussed the amount of investment it’ll be pouring onto the development of the platform, which will be around 31.1 billion yen.
That’s slightly less than $280 million, so it’ll be pretty expensive to just engineer and build the next console from the PlayStation family.
On top of that, the platform owner has also shared details on the users for PlayStation Now, its streaming based on demand service.
According to Sony, PlayStation Now has had an average 40 percent annual growth since launch and has now reached around 700,000 subscribers.
With this in mind, it’ll be interesting to see how the platform will be built into the strategy for the next generation console coming from the company.
We do know that streaming will be rather relevant for what matters next-gen topics, and Microsoft and Google have already shown their plans for that.
Sony is just sticking to the specs of the PS5 as of now, so it’s focusing on the platform first and foremost, and it’ll take a bit more to learn about their streaming strategy for the future.
-No next-gen PlayStation launch over next 12 months
-PS Now has been ave. 40% annual growth since launch, now 700,000 users
-Much of Y31.1 billion (difference between past fy op vs this fy op outlook) to be invested to develop next PlayStation console
— Takashi Mochizuki (@mochi_wsj) April 26, 2019