The report comes way of Games Beat writer Jeffrey Grub, who has proven to be a reliable source in the past. For example, Grub leaked the dates for a few 2020 Nintendo Directs before they were officially announced by Nintendo. Unfortunately, Grub doesn't divulge any further salient details.
What's pertinent is Grub's language. The Games Beat writer says "currently planned" while speaking about the date, which suggests it could change. At the moment, uncertainty due to the coronavirus pandemic clouds the future. It's already delayed or cancelled plenty of events, and it's also delayed many games.
Further, all of this should be taken with a grain of salt. Not only is nothing here official, but it's subject to change. And as outlined above, everything seems to be changing everyday, so who knows if this date will remain locked in. That said, unless Sony plans on pushing the console's release date, it's going to have to reveal the console sooner rather than later. Not only does the marketing cycle need to commence, but the console is going to start to leak, whether via developer or as it hits mass production.
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Source: https://comicbook.com/gaming/news/ps5-playstation-5-console-reveal-date-rumor/
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