How much are you willing to pay for the PlayStation 5? Going by recent rumors, you probably should be ready to shell out up to $500 for the PS5 (or the Xbox Series X for that matter). Considering that the PS4 launched at around $400, that is quite a jump in price. So, to some gamers, it may seem extreme. But there are a number of reasons why the PS5 might cost $500.
Here Are the Reasons Why the PS5 Might Cost $500
First of all, even though the PS4 launched for $100 less, the competing Xbox One did launch at $499. So, launching a major console at that price is not unprecedented.
Secondly, there has been significant inflation since that time. Most things are more expensive now than they were then. Thus, we would expect to see an increase in price for next-generation consoles. Perhaps the most dramatic example of inflation with regards to PlayStation consoles would be the PS3. That console was $600 in 2006. Factoring in inflation, that would be around $770 today.
Thirdly, the technology in the PS5 far outpaces that in the PS4. Considering the manufacturing costs which must be going into its production, it seems like it would be impossible for Sony to make a profit unless it charges closer to $500 at launch. Even that might actually be a remarkably low price considering the caliber of technology inside the box.
Given all of these considerations, we tend to agree with those who believe that the PS5 will cost around $500 when it launches. Instead of complaining about it, it seems the most pragmatic course of action is simply to start saving up money now. The sooner you start, the more likely you will be able to afford the console when it releases this holiday season. Along with that recommendation, we also suggest that you catch up on the latest PlayStation news.