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Sony reaffirms PS5 holiday launch but profits slip for games

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Sony reaffirmed in its earnings report that the PlayStation 5 video game console is on track to ship during the holiday season this year.
Sony reaffirmed that the PlayStation 5 video game console is on track to ship during the holiday season this year. The Japanese company made the announcement in a quarterly earnings report today in which it said its quarterly and annual profit slipped for games.
Game developers and other companies in the ecosystem who are counting on the launch will likely breathe a sigh of relief that the pandemic isn’t making things too difficult for Sony to pull off the launch, which doesn’t have a precise date yet.
“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 the 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,” Sony said in the report for the quarter and fiscal year ended March 31. “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.”
Sony said that PlayStation 4 console sales have hit 110 million, up only slightly from the previous quarter.
As for the quarter, Sony didn’t really have the right game ready for the pandemic. It delayed its major title, The Last of Us Part II, not once but twice, pushing it from February to June 19.

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