According to the Sony company, the PlayStation 5 is still planned to launch in 2020, and it will not directly influnce by the COVID-19 pandemic. However, the company may possibly reportedly ship fewer PS5 consoles than it did with the PS4 back in 2013, the purpose of this is competition from Xbox Series X and pricing instead.
Bloomberg reports that an expected high price at launch will result in lower demand, leading to a decrease in production. As a result, the company is only planning to make 5-6 million units by March 2021. This is roughly 2 million units fewer than the 7.5 million Sony made for the PS4's launch. Competition may be driving the decision to go forward with limited supply, as the sources said that if Microsoft doesn't delay Xbox Series X， Sony won't delay PS5.
Sony has mentioned before that the release shouldn't directly influnce by the COVID-19. One factor weighing on Sony's price decision is lack of components at the momentm and the COVID-19 could still have unforeseen impacts on production as we move further into 2020. Because affected by the Coronavirus, the enginner is hard to flying to China and proceed to assembly plants, like much of Industry. Sony game prodcution will impacted by this.
One aspect that has already been impacted is promotion, which has reportedly undergone big changes in light of the pandemic. That includes the revel of the DualSense,which Sony revealed in a post on the Playstation Blog. Since the controller has been shared with develops, Sony couldn't postphone the reveal due to the threat of leaks.
The company reportedly plans to use the PS4 to segue users into its playstation. Network services until PS5 supply is more plentiful. It s also considering price cuts for the PS4 models around the launch of the PS5, to encourage adaoption and drive up Playstation Plus and Playstation Now membership.