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PS5 Likely to Launch in 2020 According to Multiple Analysts, Will Be a “High-Spec” Console for $500 or Less

The PlayStation 4 has been around for a few years now and people are starting to anticipate the next wave of consoles. Microsoft has already bullishly announced that it will be bringing multiple new consoles to market, though we’ve yet to actually see a box. Sony on the other hand has been very quiet about its plans for the PS5.

Here’s where analysts come in handy. They’re mostly working for financial gains, but us gamers can gleam some information from their analysis. A few analysts are confident that Sony will be releasing a new console, the PS5, in 2020.

One such analyst (via The Guardian), Damian Thong, an analyst at Macquarie Group, notes that as Sony is now having to spend more money to promote the PS4, either with marketing or with promotional pricing activity, it’s a sign that the console’s days are numbered. Sales are slowing and Sony is having to spend more to sell more. Thong says “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.”

Meanwhile, Osaka-based Ace Research Institute analyst Hideki Yasuda has also chimed in with his predictions. Yasuda reckons that the PS5 will release towards the end of 2020 and that it will be a high-spec machine that’ll cost $500 or less. He also says that it’ll launch with multiple high-profile games. Well, duh. Talk about stating the obvious…

It’s worth noting that analysts are not fortune tellers. They analyse markets, trends, consumer spending and all that other uninteresting stuff. They’re making educated guesses but that’s all they are, guesses. Hideki Yasuda said last year that he thinks the PS5 will release in 2019, but now he’s saying 2020. That should tell you all you need to know.

Still, there is some merit to these educated guesses. Sony is skipping E3 this year for the first time in 20 years. That’s not a small thing. Many assume that Sony will host a PlayStation Meeting at some point this year to announce the PS5 before releasing it in 2020. Seems like a safe bet.

Source: Ace Research Institute and The Guardian

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