PS5 to Cost $499, Digital Edition $399 – Rumour

New report suggests that Sony is slashing previously planned pricing to respond to the Xbox Series X and Series S’ compelling prices.


The exact pricing of next-gen consoles has been a major talking point for a while now, owing to the fact that Sony and Microsoft have both held off on talking about what those prices will be. Microsoft, at least, recently put an end to that drawn-out waiting game when they announced that the Xbox Series X and Xbox Series S would launch on November 10 for $499 and $299 respectively.

Now, all eyes are on Sony, and with the pricing for both Xbox consoles been so compelling, so, too, is all the pressure. While it remains to be seen when exactly Sony will deem it appropriate to talk about the PS5’s prices, a new report suggests that their plans may have changed in response to Microsoft’s recent announcements.

Gamereactor claims in a report that it has been told by multiple sources that while as per Sony’s initial plans, the PS5 would have been significantly costlier than its competitors, following the price announcement of the Xbox Series X and Series S, Sony have decided to change their plans and slash prices.

Reportedly, the PS5 is now primed to release at a price of $499, the same as the Xbox Series X, while the PS5 Digital Edition will retail for $399. Whether or not that turns out to be accurate remains to be seen- take this with a grain of salt until we hear something official from Sony.

PlayStation CEO Jim Ryan has previously said that while the PS5’s price may not necessarily be the lowest, it will be targeting the best possible value proposition. As for when that price might be revealed, recent reports have suggested that the console’s pre-orders will begin soon, so hopefully it shouldn’t be long.

The PS5 is scheduled to launch Holiday 2020. Reports have claimed that the console will be out in mid-November, while recent listings for its accessories have suggested a release date of November 19. Interestingly enough, some recent developments have suggested that it’ll release in some parts of the world a little later on this year.

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