Sony will push ahead with its new PlayStation 5

Sony will push ahead with the year-end launch of its new PlayStation 5 gaming console in a bid to capture demand for at-home entertainment that has been boosted by the coronavirus lockdown. The decision to proceed with the PS5 rollout — which will coincide with the launch of Microsoft’s next-generation Xbox console — comes as the Japanese group wrestles with widespread disruption to its film, music and consumer electronics businesses that will wipe at least 30 per cent off its operating profits for the financial year ending in March 2021. But Sony said software downloads and the amount of time people spent playing games on its online PlayStation network have risen sharply from March as businesses and schools have shut down… The pandemic caused some supply chain disruptions for the PlayStation 4 but sales of the console had already been declining as it neared the end of its life cycle. For the January to March quarter, Sony sold 66 per cent of PS4 software digitally compared with 45 per cent last year… Serkan Toto, a games industry consultant, said Sony was left with no choice but to confirm the PS5’s launch since rival Microsoft had already pledged to stick with the rollout of Xbox Series X for the Christmas season. 

Kana Inagaki