The novel coronavirus (COVID-19) has affected everything—from people’s health to businesses. Sony has its projected profits affected by the virus, but according to the company, the PS5 is still going to launch as scheduled.

In an interview with Bloomberg, a Sony Corp. spokesperson said that the coronavirus would have a "notable impact on the launch" of PlayStation 5’s launch later this year. That doesn’t mean Sony is buffered from the economic effects of the virus entirely; the company is still expecting some parts of its business to have diminished profits. Compared to its forecast made back in February, the company’s profit is expected to have a shortfall of $370 million.

Due to the unprecedented impact of COVID-19, it is highly likely that first-party PS4 games coming out this quarter are the ones affected. Sony’s manufacturing centers in China were shut down because of the outbreak. So far, no delays have been announced, with “The Last of Us Part 2” and “Ghost of Tsushima” still expected to arrive in May and June, respectively.

The official website of Sony appears to reiterate the release of the PS5. A new logo for the console has been uploaded on the website, Segment Next spotted. The console's imagined design has the ‘PS5’ logo printed on top, and reportedly, at the bottom, it says that the PS5 “is coming.” The text also continues with “launches holiday 2020.”

The PS5’s release is more important, particularly because it will be going head-to-head with the Xbox Series X.

PlayStation 5 Concept Controller - Unofficial Render
Sony has not yet unveiled the PlayStation 5. LetsGoDigital