Predictions for the price of the next generation of consoles are being made.
While we have an idea that the next generation of consoles will launch in Holiday 2020 there is one thing we don’t know. We don’t know exactly how much they will sell for.
According to Wedbush Securities analyst Michael Pachter, both Sony and Microsoft intend to avoid anything close to $600. Based on the reported system specifications Pachter argues that the could cost around $500, with both tech giants being willing to foot the costs in order to maximize the number of shipped and sold units.
The specs suggest $500 or so,” said Pachter to GamingBolt when asked what he thinks the PS5 and next Xbox will cost, “but my bias is that Microsoft will announce $399 and Sony will follow suit.”
Pachter is not the only one who has made the prediction that Sony could adjust the cost of their new system to be more competitive with Microsoft. Earlier this year Pelham Smithers had suggested that the Playstation 5 would be $400.
Is it possible that the Playstation 5 could be more expensive based on its specs? Possibly since it has been reported in the past that it is more powerful than Scarlett. However, that isn’t a guarantee. At launch, the Playstation 4 was more powerful than the Xbox One, but was $100 cheaper. Therefore, Sony isn’t afraid of eating up costs to push more units in favor of a more marketable price.
People have in the past argued that these new systems could come in at $500-600, but that’s just too big of a price tag. $500 and up is the average cost of an apartment possibly, which is an awful idea. Particularly in a market that is still satisfied with the performance of the Playstation 4 and Xbox One. Consumers would more than likely wait for a decline in price, which would be a big loss for both companies. Comparatively, people were ready to abandon their Playstation 3 and Xbox 360 systems to go for the newest toys on the block as soon as they launched.