PS5 release date still on track for Holiday 2020, Sony insists despite coronavirus crisis By Sean Carey, 13 May 2020 CommentsThe PlayStation 5 is still on course for a Holiday 2020 release date. Sony says that the global pandemic caused by the coronavirus has not affected the console's release window and its first-party studios aren't seeing any major problems.According to Sony, the PS5 still remains on track to launch this Holiday. The report reads, "Regarding the launch of PlayStation 5, although factors such as employees working from home and restrictions on international travel have presented some challenges in regards to part of the testing process and the qualification of production lines, development is progressing with the launch of the console scheduled for the 2020 holiday season." The report goes on to say that there are no significant issues with game development regarding Sony's first-party studios, "At this point in time major problems have not arisen in the game software development pipeline for Sony's own first-party studios or its partners' studios." In a report and presentation given to investors, Sony revealed that its Gaming and Network Services division was doing well, but has seen a 14% lower gaming revenue for the year. Sony says this decline is down to lower hardware and software sales due to a decrease in PS4 units sold — which is to be expected, considering the PS5 launch is drawing closer. Sony now states that the PS4 has sold over 110 million units.On the software side, sales from the PS Store have "significantly increased", along with subscriptions for PS Plus and PS Now. 41.5 million people have subscribed to PlayStation Plus — an increase of nearly 5 million compared to this time last year. A job listing posted over on a Japanese recruitment website seemingly leaked the PS5's release date as October. Unfortunately, that didn't turn out to be true. Sony has also unveiled a new brand that will be attached to all of its first-party games, PlayStation Studios.PlayStation 5PlayStation PlusPlayStation NowIndustry NewsPlayStation 4 Written by Sean CareyHey everyone! I'm Sean. I have been writing gaming content for various outlets over the past few years while studying a degree in Journalism. I grew up on everything PlayStation — mainly Metal Gear Solid, with a brief foray into the world of Xbox. Nowadays, you'll find me mainly playing multiplayer PC games such as Mordhau, but with the recent addition of the Xbox Games Pass for PC, I'm looking forward to improving my TA Score and completion percentage!