The rumor comes from industry analyst Daniel Ahmad. According to Ahmad, a lot of the announcements that were planned for E3 2020 are being moved away from that specific week. Some will be much earlier (with some outlets saying May), while others will be later. It certainly makes sense, as companies will have less pressure to "win" the week, and quieter news cycles will help prevent announcements from getting lost in the shuffle. Ahmad was quick to point out that plans could change because of the pandemic, however.
As of this writing, Microsoft and Sony still plan on releasing their respective consoles somewhere around the holiday season. Outside of the debut of the PS5 controller, Sony has been rather silent regarding their system. Xbox boss Phil Spencer, on the other hand, has stated that Microsoft's new console is still on track for this year, though that could change depending on production or testing delays.
With E3 cancelled, a lot of the planned reveals / announcements have been moved out of that single week.
— Daniel Ahmad (@ZhugeEX) April 19, 2020
Some are now much earlier, others much later. Some still during E3 week ofc.
The first proper next gen console/games showcase is much earlier too.
It will be interesting to see what happens to E3 following this year. While Microsoft and Nintendo both affirmed their support for the show prior to this year's cancellation, Sony's desire not to partake in the conference over the last two years has resulted in many outlets prematurely declaring E3's death. If publishers find more success with spaced out digital events, it could be another nail in the coffin.
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Source: https://comicbook.com/gaming/2020/04/20/rumor-ps5-xbox-series-x-reveals-coming-in-may/
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