One of the biggest omissions from Sony’s recent PlayStation 5 reveal event was what you can expect to pay for the console when it launches during Holiday 2020. Everyone is wondering what the PS5’s price will be, and according to PlayStation boss Jim Ryan, the company is working hard on balancing the price–but is prioritizing value ahead of its final cost.
In an interview with the BBC (via Comic Book), Ryan noted the gaming industry’s resistance to periods of recession, but ensured that Sony was working on the right “value equation” for the PS5.
“Conventional wisdom and history show that our business is one of the more recession-proof businesses,” explained Ryan. “But I think this will sharpen our need to ensure that we focus on getting the value equation right. And I emphasize value as opposed to price.”
Shaking up previous price guesses was the surprising reveal of two PS5 consoles, with the PS5 Digital Edition omitting the disc-drive. Ryan was asked whether this would constitute a major price difference, to which he stood firm on the notion that it was done simply to offer choice to players.
“You’re not going to hear anything on price today,” continued Ryan. “But many of our consumers are purchasing solely digitally these days. We thought that we would do what we typically try and do, and just offer choice.”
Amazon previously listed the PS5 with a staggering price of over $700 before Sony’s event, before the retailer removed them and apologized for the error. This price would put it well ahead of the infamous $599 price tag for the PS3’s 60GB model, which was major cause for concern in the early days of the generation due to the Xbox 360’s far lower cost.
Microsoft has also not discussed pricing for its Xbox Series X, and is reportedly working on their own alternative to their next-gen console. We discussed our own predictions for the PS5 price recently too, but you should check our PS5 pre-order guide for alerts on when the console eventually goes up for order.
PS5 And PS4 News And Announcements
- PS5 Price And Release Date Will Come Later, Sony Says
- PS5 Reveal Event: All Games And Console Details Announced
- Here's What The PS5 Design Looks Like
- All The PlayStation 5 Games Confirmed (And Expected) So Far
- PlayStation 5 Pre-Order Guide: Get Notified When PS5 Pre-Orders Go Live
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