IbizaPocholo
NeoGAFs Kent Brockman

Exclusive: PlayStation 5 launching in December 2020
Sony's next-gen PlayStation 5 is going to be under a LOT of Christmas trees next year.

Sony itself has confirmed the new PlayStation 5 console will be out in Holiday 2020 but according to my industry sources we are to expect a firm December 2020 release. This makes sense as it would be a huge seller over the Black Friday/Thanksgiving holidays leading right into Christmas 2020. Sony will need as many of those 7nm chips that AMD and TSMC can make between now and then, in the order of millions and millions of new PS5 consoles.
My sources stated that Sony's next-gen PS5 will release "in December" but didn't provide an exact date. I would dare say it would be early December, but I also feel like December is too late. Releasing the PlayStation 5 in October would make more sense for Sony to ride the huge sales of November and right into the Christmas sales of December... but also whetting gamers' appetites with a huge December release would be equally as significant.