The company provided the update as part of its full year financial results announced on Wednesday.
“Regarding the launch of PlayStation 5, although factors such as employees working from home and restrictions on international travel have presented some challenges in regards to part of the testing process and the qualification of production lines, development is progressing with the launch of the console scheduled for the 2020 holiday season,” it said.
“At this point in time major problems have not arisen in the game software development pipeline for Sony’s own first-party studios or its partners’ studios.”
During an investor Q&A session on Wednesday, Sony said it’s too early to judge its PS5 marketing campaign, in response to suggestions its promotional activities are lagging behind Microsoft’s Xbox Series X product reveals.
Sony also confirmed on Wednesday that PS4 has now shipped over 110 million units, as digital game sales overtook physical software sales during its last fiscal year.
He told Business Insider in January: “At the time of the migration from PS4 to PS5, there will still be a huge number of PS4 users, which is very important and we have obligations to them.
“We have to come up with new appeals. This year will be a more difficult and special year than the launch of previous game consoles.”