Sony addressed the concerns regarding PlayStation 5’s launch date in their Fiscal Year report, and said that they still expect the console to launch in Holiday 2020. You can read the full statement below.

Although there has been a slight impact on production of PS4 hardware due to issues in the component supply chain, demand in the short-term is being addressed with current inventory and sales are trending well. Sales of game software that is downloaded from the network, as well as PS Plus and PlayStation Now (PS Now) subscriber numbers have significantly increased.

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 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. 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.

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I'm a huge Japanese gaming fan, and someone very invested in the industry as a whole. I love JRPGs such as Xenoblade Chronicles and Final Fantasy, as well as pretty much anything Nintendo.