Next PS5 Announcement Reportedly Coming Later This Month

Aug 4, 2020 at 04:39am EDT
PlayStation 5 game presets feature

While the freshly announced State of Play won't contain any major PS5 news, as revealed yesterday by Sony, a new Bloomberg report suggests a major announcement could still be scheduled for August.

Author Takashi Mochizuki cites an anonymous official at PlayStation as the source for this rumor, though it is unclear whether this announcement would be related to the biggest product details still missing: the released date and price of the PlayStation 5 console.

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Macquarie Capital analyst Damian Thong told Bloomberg that he expects the PS5 to cost $400 for the diskless version and $500 for the version with the UltraHD Blu-ray drive, before adding:

I think the core of Sony PlayStation early-adopters will snap up the first several million units quickly. With backward compatibility, their existing game library will work with the new console, so the new machine would be usable right away.

He expects over six million PS5 consoles sold globally by March 2021. Meanwhile, Sony just announced the best quarter ever for PlayStation with over $5.63 billion in revenue and $1.152 billion in profit, clearly boosted by the global lockdown caused by the COVID-19 pandemic. Almost two million new PlayStation 4 units were sold in the April-June quarter, bringing the total of PS4 units sold to over 112 million.

About the author: With over two decades of experience in gaming journalism, Alessio Palumbo has led the gaming vertical at Wccftech since August 2015. He started working at a young age for Italian websites like Everyeye.it, Gamestar.it, Nextgame.it, and Multiplayer.it before kickstarting the indie English-language publication Worlds Factory as its founder and Editor in Chief. In the last decade, he has coordinated the overall output of Wccftech's gaming section, managed PR relations, assigned reviews, produced daily news coverage, edited gaming content as needed, and delivered game reviews. Arguably, his trademark content is the long series of exclusive developer interviews that have been cited by Wikipedia and by the biggest news media and gaming publications. His passion for technology also makes him knowledgeable when it comes to gaming hardware and tech. His favorite genres include RPGs, MMORPGs, and action/adventure games.

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