There have been rumors in regard to Sony releasing the PlayStation 5 either later this year or in 2019. However, a number of sources speaking to Jason Schreier of Kotaku have poured cold water on the idea of a PS5 console being available within the rumored timeframe. More conservative suggestions have focused on a release date for the much-awaited device occurring in 2020.
https://www.notebookcheck.net/PlayStation-5-unlikely-to-be-released-before-2020.296832.0.html