The PS5 price might not be as high as some are expecting

Console gamers are excitedly looking forward to the release of the PlayStation 5, which is set for next year’s holiday season. However, with all the upgrades it is expected to have, there’s been plenty of talk about the PS5’s price tag. Sony dropped some hints during a recent investor call to discuss its latest earnings report.

Hints about PS5’s price tag

Rumors have pegged the PS5’s price at $399 or $499, possibly even with two different SKUs available at launch. One could be a base model like the original PS4, like the other could be an upgraded model along the lines of the PS4 Pro.

Sony is undoubtedly thinking about how to price its next-generation console so it can convince consumers to buy without breaking the bank. Company management told investors on their earnings call on Oct. 30 that this is exactly what they are doing.

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Chief Financial Officer Hiroki Totoki said they have been “analyzing the cost, the acceptable price in the market and platform penetration for the PS5.” He also said Sony is “very conscious of the level of profit for investors and for the marketplace.” He has also been quoted as saying that Sony is focused on “market penetration and market acceptability for its next-gen hardware.”

Those statements are pretty vague, but naturally, tech blogs have been quick to draw conclusions about the PS5’s price from them. Keep in mind that Sony probably does the same thing every time it launches new hardware, so this is nothing new.

Other PlayStation 5 rumors

Sony is rumored to be planning to release more details about the PS5 during an event in February, but until then, the rumor mill has been churning out claims about what to expect. Many of the rumors have revolved around a very interesting-looking design, which is now believed to be the PS5 developer kit. We’ve also heard that Sony’s next-gen console will likely support PS1, PS2 and PS3 game discs in addition to games supported by the PS4.

Additionally, Ubisoft recently announced the first games it is developing for the PS5 and the Xbox Scarlett. The game maker will release Rainbow Six Quarantine, Watch Dogs Legion, and Gods and Monsters for both next-generation consoles.