As reported by Takashi Mochizuki of the Wall Street Journal, this fact was confirmed by a PR representative from Sony Interactive Entertainment. This leaves May of 2020 as the earliest possible month for the announcement of PS5 although we predict that the company could be aiming for the year-end holiday season instead.

— Takashi Mochizuki (@6d6f636869) April 26, 2019 Previously, Sony did officially reveal a number of things regarding the upcoming next-generation PlayStation console. For example, it will sport a custom 7nm AMD Ryzen CPU, and a Radeon GPU based on the 7nm Navi architecture. Ray-tracing and 8K will also be supported on the next-generation PlayStation console. All in all, the confirmation above means that gamers throughout the world have time to save up for the upcoming console. Also, expect more rumours and leaks regarding PS5 to pop up as we get closer to its eventual launch day. (Source: Takashi Mochizuki / Twitter via The Verge)