News 6 February 2019
Author: Courtney W

Is the PS5 Being Released Soon?

6 February 2019

With PS4 sales slowing down, a 2020 release date for the PS5 is looking increasingly likely.

Following the news that year-on-year PS4 sales have dropped by almost a million, it was revealed earlier this week that Sony stock has dropped by 8%.

According to the Assymetric Advisors analyst Amir Anvarzadeh, the reduced sales indicates the beginning of the end for the PS4.

Speaking to Bloomberg, Anvarzadeh said : “”There is more downside as we believe slowing growth in its games division signals a very likely PS5 launch for next fiscal year and the ensuing costs that come with the launch of a new platform”.

Recent reports speculated a big reveal of the PS5 in mid-2019 before it’s unveiled officially at the PlayStation Experience event.

At the moment, no dates have been confirmed but be sure to stay tuned for GRM Daily for all the latest info.