PlayStation 5 gets 2020 launch date

Nearly six years after the arrival of PlayStation 4, Sony confirmed on Tuesday its next console will launch in 2020 for the holiday season.

The company, In a blog post, announced PlayStation 5 will feature a redesigned controller. It will include haptic feedback and improved tactile sensations, such as rumbling and shaking, so that users can better feel what’s going on within a game.

Jim Ryan, president and CEO of Sony Interactive Entertainment, wrote in the post that thier goals with the next generation is to deepen the feeling of immersion when you play games.''

The company declined to share further details, including cost of the latest version .

In April, Sony teased its fifth-generation console. The PlayStation 5 is expected to have faster load speeds, better graphics and improved audio. It will compete against Microsoft’s Project Scarlett, its next-gen Xbox console, which will also launch for the 2020 holiday shopping season.

The video game console market is dominated by a few central players such as Sony, Microsoft and Nintendo. According to forecasts from research firm DFC Intelligence, Sony is expected to sell 100 million units of the Playstation 4 by the end of this year, while Microsoft will likely hit 52 million units of the Xbox One, 

Earlier this month, Sony slashed prices on its cloud gaming service, PlayStation Now, as Google gears up for a November release of its rival offering.