Sony To Slash Price Of Its Next Gen Console In Response To Series X Price Announcement

A source from Gamereacter confirmed that the ‘less powerful’ PlayStation 5 was considerably more expensive. One can infer many things from such a statement. For starters, Sony could have been targeting a $500 price point for its equally capable disc-less version while the PlayStation 5 would cost an additional 50 to 100 dollars. Earlier reports do seem in line with the price above $500 for the PlayStation 5 console. Secondly, it also means that Sony may try to undercut Microsoft again, owing to its ‘second-mover advantage.’ The critical competitor for Sony here is arguably the Series S console, which can be regarded as the cheaper doorway to the next generation. The cheaper console will go on sale at $299, and Sony would have to find a way to price the disc-less PlayStation 5 in order to gain a competitive advantage. Lastly, later reports from Sony suggest that it may slash prices of the PlayStation 5 consoles. The new prices will come in line with the competition, i.e., the standard PS5 may cost $499 while the Disc-less version may cost $399. Sony may also try to undercut Microsoft as well. Since both Sony and Microsoft sell these consoles at a loss, perhaps Sony would try to minimize the loss by volume rather than the price.