Natedrake - Fable will release on PS5 in 2026, speculates it's the reason for the delay
"If I had to speculate as to why Fable was delayed: it's to allow some extra time for polish & to make the PS5 version a Day 1 release alongside Xbox/PC because the PS5 version was always slated for 2026."
Update:
NateDrake clarifies his statement
"Speculation is in regards to the nature of the delay. But Fable coming to PS5 in the year after it launched on Xbox/PC is not speculation. Keep in mind that timeline was based on when Fable was slated for 2025 on Xbox/PC. With Fable now delayed to 2026... it stands to reason that it arriving on PS5/Xbox/PC on the same day is within the realm of possibility"