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The sources said that multi-year plans for projects are always shifting, but it may be too much of a stretch to think that the PlayStation 5 will arrive this year.

The report goes on to say that, in the past, Sony has asked studios to keep these devkits in locked rooms and restrict access to only a small number of people. A report from SemiAccurate claimed a few days ago that Sony was planning to release the PS5 console later this year.

What's even more telling is the fact that many people in the industry aren't talking about the PlayStation 5 at all or are otherwise seemingly unaware of it. The PlayStation 5 and next generation of console hardware will bring a lot of interesting new tools and ideas for developers to play with. In addition, the users can also stream 4K video content from Netflix on the PS4 Pro and PS4 Slim.

Kotaku's Schreier, who was looking to find out when the PlayStation 5 was really going to be launched, heard from two sources familiar with Sony's plans that the next PlayStation console will unlikely be released in 2019, let alone 2018.

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With April already almost midway through, it seems more and more unlikely that Sony would reveal a new console at this point in the year.

When will the PS5 release? The PlayStation 5 release date is unlikely before 2020, so the PS4 owners do not have to worry about upgrading just yet.

"Over the past month, I've spoken to dozens of game developers, across a variety of disciplines and studios, about the next generation of consoles", Kotaku reports.

To recall, Sony's PlayStation is one of the best gaming consoles in the global market right now and it has fierce competition with Microsoft's Xbox and the Nintendo Switch. An employee at a major gaming studio told Kotaku that they had received the proper PlayStation 4 devkits about a year before the console's release in November 2013. Most of the games that were originally released for the PlayStation 4 are compatible with the Pro version, while some titles for the PlayStation 4 Pro are playable on the older system. Assuming the PS5 maintains a PC-style architecture (which is easier for developers to makes games for), it's more possible that we'll see backwards compatibility for PS4 games when the PS5 rolls around.