Sony to Reveal 2019 Earnings and Corporate Strategies in May, PS5 Reveal Unlikely

Sony to Reveal 2019 Earnings and Corporate Strategies in May, PS5 Reveal Unlikely

Sony will host two upcoming events in May, the 2019 fiscal year earnings and the corporate strategy meeting, via live webcast this year.

According to a newly revealed official document from Sony concerning their planned IR (investor relations) meetings, the company will reveal their fiscal year 2019 earnings on May 13th and hold a corporate strategy meeting on May 19th. Both events will be held via live webcast and their Sony IR Day will not be held this year, due to the dangers of COVID-19.

While a PS5 reveal is possible during the strategy meeting, it’s rather unlikely since the meetings have almost always centered around reaffirming their general brand strategy and how well each of their business segments are performing. So we’ll definitely find out more about the Playstation brand’s overall financial performance and goals but nothing in the specifics.

It’s more likely we’ll get details about the PS5 through the fiscal year earnings report, but not in terms of the next-gen console’s specs or design. Most likely Sony will instead focus on PS5 projections compared to PS4 sales in 2020, the remaining life the PS4 will have alongside PS5, production costs, and other topics. Normally it’d be possible to glean more information from investor’s questions but it seems that won’t be possible due to the livestreaming nature of the event.

While Sony stated that the COVID-19 pandemic wouldn’t affect the release date for PS5, it will have an effect on the quantity of systems available until next year. According to the company’s assembly partners, Sony would be considering five to six million units until March 2021, which is nearly two million units less than PS4’s sales during its first quarter of launch.

Furthermore, according to a report from Bloomberg, the pandemic has so severely affected Sony’s promotional plans for PS5 that they were forced to reveal DualSense, the new PS5 controller, in an unfamiliar way to avoid possible leaks by the developers who’ve already received the controllers.

You can check out our thoughts on the DualSense below: