According to recent leaks, the PS6 release date is targeted for 2027, although it is expected to be cheaper but less powerful than the next Xbox.
Next-gen is just a “few years away” - Mark Cerny, PlayStation console architect
A leak from KeplerL2 suggests that the plan is to release the PS6 in 2027, unless any unexpected delays occur, which would align with the seven-year cycle of the PS4.
Meanwhile, Microsoft has also planned to deploy a new device in 2027, although the specifics of the device remain to be seen.
Author's summary: PS6 release expected in 2027 with reduced power.