PS5: what's the latest PlayStation 5 news and when will Sony release it?

Now that the PS4 is officially reaching the end of its life cycle (that's direct from Sony), our thoughts are inevitably turning to the PS5 – so what exactly is in store for the Sony PlayStation 5 and when can be expect it to release?Sony is currently keeping tight-lipped when it comes to specific plans for the PS5: but we know that a PlayStation 5 release date will definitely one day exist, thanks to Sony Interactive Entertainment's President and CEO Shawn Layden confirming as much in an interview with Golem.de. In addition, Sony president Kenichiro Yoshida confirmed the company is working on a next-generation console in an interview with the Financial Times.Back in May, Sony Interactive CEO John Kodera revealed to the Wall Street Journal that the PS5 would not be releasing until at least 2021. However, an investigation by T3 claimed the PS5 could release as soon as Christmas 2019 - earlier than the Xbox Two.