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PS5 release plans, stock, and cost have all been reportedly affected by COVID-19

(Image credit: Sony PlayStation)

The PS5 (opens in new tab) will launch in a reduced capacity, when compared to the PS4's launch, later this year due to the impact of COVID-19.

That's according to a new report from Bloomberg (opens in new tab), which claims Sony has apparently told its manufacturing partners that it expects to produce "5 to 6 million units [of the PS5] in the fiscal year ending March 2021". For comparison, the PS4 sold 7.5 million units in its first two quarters alone.

The report also states that COVID-19 has impacted PlayStation's marketing plans for the PS5, as Sony's original plans for a grander PS5 reveal event (opens in new tab) may be ditched "due to infection fears" and current lockdown measures in place around the globe. 

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(Image credit: Sony)

You can play PS4 games on PS5 with an external hard drive (opens in new tab)

Citing multiple sources within Sony, Bloomberg's new article suggests the PS5 price (opens in new tab) could additionally be higher than expected at launch, between $499 to $549, as a result of both its hefty specs and limited stock. 

What does this mean for you? Well, the good news is that Sony looks to be sticking to its Holiday 2020 release date as firmly as possible, which means a PS5 delay (opens in new tab) could be off the cards. However, this latest insight suggests you'll need to be willing to invest heavily for your day one unit in terms of both your money and time spent guaranteeing a pre-order, with a little bit of luck likely needed in addition. 

Hopefully, we'll hear something more official from Sony soon, though PlayStation did only reveal the PS5 controller (opens in new tab) last week. 

We've started a new series that pits the team against each other with some fiendish gaming tests. Check out Challenge Radar Episode 4 (opens in new tab) here.

Alex Avard
Alex Avard

I'm GamesRadar's Features Writer, which makes me responsible for gracing the internet with as many of my words as possible, including reviews, previews, interviews, and more. Lucky internet!