How Much will the PS5 Cost?

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It is no secret that gaming is an expensive hobby. What makes it more so is the fact that every six years or so, a new lineup of consoles releases, bringing forth another wave of items for gamers to purchase. With the heralding of a new console, the internet immediately goes into a frenzy, speculating about prices. The PlayStation 4 has already let that particular cat out of the bag, and four hundred dollars is less than what people expected. So what about the PlayStation 5? What can we expect the PS5 Price to be? Should we start saving up now?

PS5 Price

There are certainly a number of factors to consider when asking a question like this. We’ll need to look at the history of the PlayStation’s pricing, do some math, (yikes!) and see what inflation rates will have to say on the matter. Without knowing the exact hardware of the PlayStation 5, we can only speculate, and speculate we shall! Let us begin!

PlayStation’s price tags

Before we can look at the potential price point for the PS5, we need to look at the pricing trends Sony has used in the past. These trends will help us better understand how Sony plans to price the new console:

Playstation Price History
PS1 $299 December 3, 1994
PS2 $299 March 4, 2000
PS3 $599 + (depending on model) November 11, 2006
PS4 $399 November 15, 2013
PS5 $399? Release Date

The price of the next console is the question we're here to answer today. It seems like Sony doesn't want to alienate gamers with a massive price tag again. If we look at the PS3 and PS4, it's clear that they learned from their mistake with the third console. That being said, the form that the PS5 takes will drastically change the ultimate price point. Let's look at the possibilities, shall we?

History tends to repeat itself:

When the original PlayStation launched in 1995, it was priced at three hundred dollars. Back then, I would have had to save my allowance for--well, let’s just say I’d probably still be saving. The PlayStation 2 released five years later for the same price. Then of course we have the outlier, the PlayStation 3. When that one released, it was a whopping six hundred dollars!

PS5 Cost

At the time, this seemed like a lot of money for a game system, but what most people didn’t consider was that the PlayStation 3 was also a Blu-Ray player. Many stand alone Blu-Ray players of the time were close to a thousand dollars, so this was quite the deal in that regard. Eventually, the price came down to compete with the Xbox 360, but the fact of the matter was that Sony was losing money, even with the six hundred dollar price point. The reason? The PlayStation 3 had new technology, something that was fresh, and costly. At the time, Blu-Ray was just beginning to hit the scene.

Now we look at the PlayStation 4 and we see a far different story. This new console is coming out at a four hundred dollar price point. Why the sudden drop? Well, as mentioned earlier, there are a number of factors that contributed to this price point. One of which is the fact that the PlayStation 4, unlike the PlayStation 3, isn’t utilizing any kind of recently released or overly expensive technology. It is more powerful than the PlayStation 3, ten times more powerful according to Sony, but it uses established technologies that have achieved multiple methods and thus, less expensive methods of manufacturing. When something becomes readily available, it costs less to make.

The PlayStation 4 is the evolution of the PS3, but what about the PlayStation 5? This is where things can become expensive. You see, as mentioned in our other articles, the PlayStation 5 will be arriving in an era of massive technological change. The next generation console will have a wealth of new and exciting technologies to take advantage of. This is good for the games, because everything will be infinitely more advanced, however this also means that the PlayStation 5 will be jammed packed with expensive hardware to create those experiences.

I am imagining a somewhat significant price jump when it comes time for the PlayStation 5. This is a result of the gargantuan increase in technology that we are anticipating over the next few years. It is difficult, nigh impossible to put a price point on it, so let’s discuss another major factor before we go down that road. Hold on to your butts, this is where the math comes in.

Oh, the Options You'll Have: 2 Versions of the PS5 (Plus VR)

Over the course of a console life cycle, it's not uncommon for the gaming machine to go through several versions. Usually you get a slim version with better cooling and a larger hard drive, but when the PS5 releases, Sony is going to look into providing two versions of the system to reach a wider audience. Our speculations also predict that PlayStation VR will combine with augmented reality to replace a handheld system like the Vita and be offered as an add-on for those who want to take their games on the go with a newer and better versions of Remote Play.

One version of the PS5 will provide all the bells and whistles. We're talking a massive solid state drive (SSD) that will be up to 128 terabytes in size! You'll also get backwards compatibility and a few other exciting features. Then there's going to be a "Core Experience" that will offer the basics that casual gamers will need to enjoy the PlayStation experience. If all of this is sounding amazing or crazy (or both) be sure to check out our full article on the 2 versions of the PS5.

A Lesson in Economics: How Inflation will Affect the PS5 Price

Playstation 5 CostFrom what I recall, I got a decent grade in economics in high school, once I was out of my general education in college, I left math on the side of the road and never looked back. For the sake of you, my dear readers, I will once more tread that narrow path suspended above a black abyss of confusion and uncertainty.

First thing’s first, a quick lesson on inflation for the benefit of myself and anyone else reading this who’s last brush with economics was in high school. So, the straight vanilla ice definition of inflation is as follows:

A general increase in prices and fall in the purchasing value of money.

Yeah, that’s what I said. Essentially what this means is that inflation occurs when prices go up as a result of high demand and low supply. Take the PlayStation 3 for example. Everybody wanted it, but no one had it in stock. This kind of situation creates inflation over time because manufacturers can charge higher prices for items that are equally high in demand, but low in supply.

Playstation 5 CostThe process of inflation also affects how much a single dollar is worth. Of course, a dollar is always a dollar, but the actual value of it changes based on inflation. For example, a dollar today is worth far less than a dollar two decades ago. A dollar from then would be worth over twenty dollars today!

A recent article from IGN discussed the cost of gaming in regards to inflation over the years. Colin Moriarty, the article’s author made an excellent point in regards to the price of game consoles:

“The PlayStation 3 may have seemed expensive when it launched at $599.99 in 2006 – and it was – but it’s not the most expensive mainstream gaming console. That honor goes to the Atari 2600. Launched in September of 1977, the Atari 2600 cost $199.99. When taking into account the 258.9 percent inflation rate between 1977 and 2013, the Atari 2600 cost the equivalent of $771 today.”

I don’t know about you, but that seems like a steep price point for a console whose lasting legacy includes the likes of Pong. As of right now, the rate of inflation is smaller, and more steady. Ten years from now though, the inflation could be different. Better or worse, it’s hard to say, but the fact of the matter is that the value of the dollar is low and the prospects aren’t looking too good for the future.

Gazing into the Crystal Moneyball: The Price of the PlayStation 5

Playstation 5 PriceThe price of the PlayStation five depends primarily on two major factors. One, is the cost and availability of the hardware inside of it.

Two, is the economy and rate of inflation between now and the system’s release in roughly six or seven years. If the value of the dollar stays the same, or fluctuates only slightly, I would estimate a price range between six and eight hundred dollars. This is taking into account the no doubt cutting edge technology that the system will include.

Let’s assume the value of the dollar goes up, and inflation decreases, then we could see another price like the jump from PS1 to PS2 in which case the system would most likely cost four hundred dollars, just like the PS4. This is less likely though, considering the current state of affairs in our economy and government.

Time changes everything though, and six years is a long time. Do your part to ensure a lower cost on the PS5. Buy a PlayStation 4 and when new releases come out, count your pennies and pick them up. Show the economy who’s boss, invest and spend smarter, not harder. All of that and a heaping helping of luck and common sense on our government’s part, and we may just see a cost effective PS5 in our future.

How much do you think the PS5 will cost? What would you be willing to pay for one? Tell us in the comments!

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Comments

ps5 cost

$500

NOO

Nooooo i think 600 - 1000 dollar

$500

I think $500 will work

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PS5 Price

I agree with you that it should be 500 because its a reasonable price not to expensive not too cheap and more people would buy a ps5 that cost $1,000 dollars would be way too expensive and not a lot of people would buy it.

Ps5 price

I think it will be either $500 or $400 and maybe even $450 I would like $400 though because a $500 dollar one would end up being around $560 because of taxes

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The PS5

I think that it's going to be $399,99.

The PS5

Yes I agree with $399,99. The price is not too high and not too low. It's a very reasonable price for a ps5. It's not too much and inflation won't be too high.

Ps5 price

Guys I seriously agree that the ps5 should be in the range of $ 399.99to $ 450 becausethis price ain't cheap or expensive. This goes to the people who say it should be less then $ 399.99: You have to spend money to get what you want. Nothin comes for free so bear with it.

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Ps5?

Me thinking about giving dice and Sony that kind of cash for all the troubles they have.. lol literally

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Sony said, PS5 wont be a

Sony said, PS5 wont be a console - Only cloud or virtual. Should be costs like Ocolus Rift!

virtual reality

Yes i too believe ps5 is going to be something different.. all the latest trends and evidence points towards virtual reality or/and cloud based gaming.. even the playstation vr is clearly a stepping stone for a new and improved vr system... too many wires ,old move controllers ,only 100 degree field of view... they were limited by a console not even designed for vr in mind.

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wow my brother will love this soon

ps5

shut the crap bro i would like it for 2,000 dollar cost it look nice and i love playing the gtaSandres on it...........................

Ryehgx

If its cost up to $2000 then who will be purchasing for it

Dumb

Wtf is wrong with ur head?! No one in the whole fu***ng world would pay $2,000 for a console prob not even $1,000 u retard!

Moron

Yes I agree!! $2000?? Have you lost your mind?? People can’t barely afford it when it’s $399 sadly.. anyone with that type of money would surely put a down payment on a nice car. No one really has that kind of money and takes a long time to save up for it if they ever will be able to since the real world has bills. You sir, are an idiot for saying it should be $2000.

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Price

Well seeing as to the fact that you will be playing with your mind, 25TB hard drive, holographic display & 100GB/s Wifi, it probably will be atlast $5000

pffft

They will use cheap parts to keep prices low. Virtual reality never really took off like expected. Expect the close to 500 after taxes. It is a business and a fast nickel is better than a slow dime. 1000 dollar consoles will not sell many. So they will keep it lower for more sales.

Ps5

I highly doubt they will take advantage on using cheap parts to keep prices low if you wanna make good quality you won't be worried about quantity as soon as they go and build the new system with cheap parts there's gonna be either recalls or refunds I mean think about it

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This is high tech

This is high they we are talking about here... I think for a ps5 like this is should be $799.99

Money

I agree for $799.99 but thousands dollars I think it's too much money to buy a console for that much.

PS5 should go for 880.00

PS5 should go for 880.00-1000 think about the graphics and games like Madden etc.

I Feel You On That Shit

If people have a problem with the pricing that they should suck it up because by now they should of been saving up their money to buy it when it gets released. They should like save up $1,000 - $2,000 or maybe more because they might wanna get a couple of accessories and couple of games as well!!!

I agree

That's reasonable

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