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2019 is if they want to punish Xbox...

People that just bought a Xbox One X (which basically launched 2018 (late 2017)) would feel burned, if Playstation 5 / Xbox Two launch in 2019.

2020 is if they want to milk in the success & profits:
This could lead to 130-140m console sales down the line, and tons of money made off of this user base.

I think 2020 is more likely tbh.... but I wouldnt rule out a 2019 launch.