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Sony doesn't need a PS5 in their short term pipeline right now. Of course long term yes.
But right now, they are thriving commercially. Consumers and third parties love the PS4.
Yes the scorpio has better hardware specs, and MS cann son call themselves to have the fastest console on the market, and that will give them som commercial credit. But unless there are no games to show with it, the scorpio is meaningless. DOA on the market..
And Sony knows, that they have nearly all thrid party publishing deals right now, and plenty of first party games coming out, all for the PS4 ecosystem, for years to come. No need to rush a PS5.
That would also unstabilize the current PS4 install base.
But long term yes, I guess late 2019 or late 2020 for a market launch. By then, the PS4 pro will become the base PS4 in a slimmed version, and the PS4 slim will become obsolete.