Sony has shared some information on the release date for the PS5. They revealed the specs for it earlier this month and now have confirmed that it won’t launch in early 2020.

As shared by Wall Street Journal editor Takashi Mochizuki, Sony won’t release PS5 in the next 12 months thus ruling out a release date in early 2020.

Sony:

-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

Sony announced its financial result for the past year and confirmed that PS4 has shipped 96.8 million units worldwide. They are now expecting it to ship 16 million more by the end of March 2020 bringing the total number to 112.8 million.

Sony is also generating a record amount of revenue with its PlayStation Network segment. This includes full game downloads and services like the PlayStation Plus, and PlayStation Now.