How Much will the PS5 Cost?

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? There are certainly a number of factors to consider when asking a question like this. We should start by looking at current predictions and the actions of competitors like Microsoft. We’ll also 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! First Price Details Emerge Given the power of the PS5, it’s natural to think that the price may be more than past generations, but some new details should help put things into perspective. Speaking on financial briefing in early November 2019, Sony revealed some thinking behind the price of the upcoming system. They told investors on the call that they’re focus is on “market penetration and market acceptability.” Taking away the flowery terminology, this essentially means that they are going to price it in a way that doesn’t shock the average consumer. As is the case with most consoles, they will most certainly sell them at a loss in the beginning, but the goal will be to get an install base that yields long-term success. This doesn’t mean it will be cheap. Honestly, this further solidifies the argument that it will probably sit around the $499 mark. There’s no guarantee that it won’t be higher, but if they are indeed focusing on the market, my thinking is that anything about $500 will be too much for the average gamer. Read on to learn more about what we know! Michael Pachter Strikes Again! If you’ve been a long time reader here on PS5 Gamers, then you know we like to cover industry analyst Michael Pachter’s predictions as they are both relevant and interesting. He’s not always right, but he comes pretty close more often than not. The latest news from him is a comment he made to Gaming Bolt in June 2019 where he laid down some interesting predictions for Project Scarlett and PS5’s price point: “The specs suggest $500 or so, but my bias is that Microsoft will announce $399 and Sony will follow suit.” I would love to see $399, but I find it hard to believe the new systems will go for that low. It’s common knowledge that console manufacturers sell systems at a loss in the beginning. They … Read More