PlayStation 5 may have been announced much earlier than many would have expected, but its release is still a ways off.

Announced through the company’s recent end of year financial report, PlayStation confirmed that they will not be launching their next-gen machine before March 31st, 2020. PlayStation 5 will launch in the next fiscal year.

Despite its advanced feature set, including 8K output and ray-tracing, PS5 is allegedly going to have an “appealing” price point. Of course, there’s no way of knowing for sure what this means. With Nvidia’s entry-level RTX-enabled cards costing over £300 on their own, who knows where appealing falls in the price spectrum.

With Sony skipping E3 2019 and their usual PSX showing, it would appear they are slowing down the focus on PlayStation 4 in anticipation of their next machine. However, with The Last of Us 2, Ghosts of Tsushima and more still coming, PS4 owners still have a lot to look forward to.

Source: VG24/7