Sony has announced that when it launches on November 12, the PlayStation 5 will cost $ 499.99 alongside the Digital Edition for $ 399.99.
In terms of pricing, Sony can clearly compete with Microsoft’s next-gen consoles. The company will release its entry-level Xbox Series S for $ 299 and its flagship Xbox Series X for $ 499 on November 10.
For comparison, the PlayStation 4 was $ 399 at launch, though it currently retails for $ 299, while the PlayStation 4 Pro originally sold for $ 399, a price they still like today outside of big sales Black Friday sold. It’s unclear whether Sony plans to cut prices or discontinue the older models once the PlayStation 5 comes out later this year.
It’s also worth noting that the PlayStation 5 offers backward compatibility for an “overwhelming majority” of the existing PlayStation 4 range, although the details are still small. This expanded library could help make it more attractive to potential PlayStation buyers over the older consoles this holiday season.
Also, while this starting price is certainly expensive, it is not Sony’s most expensive console. That award still goes to the PlayStation 3, which cost $ 499 for the 20GB model or $ 599 for the 60GB model and is still considered one of the most expensive consoles ever sold almost a decade and a half later .