Apparently, there are some reports suggesting that the PS5 will be announced this year by Sony. In addition, the tech giant seems to be planning big by upgrading their PS Plus subscription service to a premium one.

However, the PlayStation 5 will be out by 2020 along the new version of PS Plus according to the reports on Express. Moreover, the new PS Plus will come in new features and specs. For instance, a private server to subscribers as well as a guaranteed early access to games. Aside from that, there are also a list of the specs and stats of the PS5 as well, like the PSVR will have a new upgraded headset and things like Backwards Compatibility.

So far, the price which is the most vital piece of information remains a mystery but there’s a rumored estimated price for it. According to 3DMGAME, the PS5 will have an estimated price of 499$ with specs like CPU 7nm Ryzen Octa Core, OS of 24 GB GDDR6 + 4GB DDR4, 2 TB of HDD, Navi-14TF as well as a 8K resolution.

As always, information like this needs to be taken with a pinch of salt. What are your thoughts on the new PlayStation 5? Let us know down the comments.