PS5 prices are expected to be announced on Wednesday at Sony’s online PlayStation 5 Showcase event. However, a new Bloomberg report suggests how high these could be. According to analyst Masahiro Wakasugi, the price of the PS5 could be “as low as $ 449” (about Rs. 33,000) while the price of the PS5 Digital Edition could fall below $ 400 (about Rs. 29,500). Of course, prices in India will be much higher due to taxes, duties and import fees. Based on previous launches, this would bring the PS5 to around Rs. 44,990 in India, with the PS5 Digital Edition possibly around Rs. 39,990, which is similar to Xbox Series X and Series S pricing.
Bloomberg [paywall] A report of Sony reducing PS5 production by 4 million units for the fiscal year ending March 2021
This comes just two months after Sony reportedly boosted orders in anticipation of higher demand as people around the world spend more time at home due to the ongoing coronavirus pandemic. But Sony won’t be able to meet its alleged production target of 15 million. Sony declined to comment, Bloomberg added.
It is too early to say whether this will create a deficit for consumers. Sony has said in the past that PS5 pre-orders are limited to one per household. The complicated pre-order system – at least in the US – where you register your interest in order to possibly receive an invitation to pre-order the PS5 suggests that stock may not be freely available.
The PS5 is expected to be released in November while the Xbox Series X (Rs. 49,990) and the S Series (Rs. 34,990) are due to be released in India on November 10th.