The PlayStation 5 specs are here.
The PlayStation 5 specs are here.
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Sony reaffirms PS5 holiday launch but profits slip for games

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 PlayStation 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.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.