PS5 Latest News, Update: Next-Gen Announcement is Coming, Earnings Call Reveals

It has become something of a trend within the video game industry to learn a ton of new details about the future of certain franchise or companies via earnings calls. In a recent one by GameStop, it was revealed that the PS5 might be getting announced soon and the same goes for the new Xbox. The possibility exists that it will be done at or around E3.

As Comic Book reports, a recently GameStop earnings call might have just hinted that the PS5 will be revealed by Sony very soon. This is due to the fact that the call with CFO Rob Lloyd had a segment about new hardware that its stores will be selling. This could only refer to new consoles, which are expected to help the company’s flagging sales numbers.

"With respect to new hardware, as we get closer to the end of the current console cycle for Xbox and PlayStation, we expect demand to decline as some customers choose to wait on the sidelines in anticipation of acquiring the next generation of innovative consoles," Lloyd had told investors and analysts.

Now, it is always worth taking these stories with a grain of salt simply because hopeful fans have been burned before. It is entirely possible for the PS5 to at least be confirmed this year, but this is about as high as gamers are advised to hope. Otherwise, they could be in for a disappointment if it is learned that the console is not even going to hit the markets until late next year.

While it is also possible for the PS5 to be announced at E3, Sony might also just skip the event this year and do it during its own conference. The company has not exactly been the most reliable partner for the video game event. Just as with its gaming console, it prefers to go at it alone.