PS5 price rumours: “No way it's above $499”

The PS5 reveal has become the most watched gaming event in history. It was unanimously praised by the industry leaders and fans alike and also saw the announcement of titles that would be coming to the console. Sony struck the right balance between first party titles and exclusives, third party titles and indie titles. What wasn’t revealed though, was the PS5 price. 

There have been many rumours circulating, some of them fueled by the listings on various stores. A PlayAsia listing suggested a high price of $699 while another listing on Amazon France claimed it would be around EUR 499, which comes close to $560.  

In addressing these rumours, former Xbox marketing lead and now Senior Product Manager at Amazon, Albert Penello said that there is “No way it's above $499”.   

I believe in the saying "never say never"

But I gotta say never. No way this console is over $499.

— Albert Penello (@albertpenello) June 12, 2020

While even $499 seems higher as compared to the launch price of PS4 at $399, it is significantly cheaper than the launch price of PS3 at $599. 

It should also be mentioned that the PS5 will come in two variants: a “digital” variant which will not have a Disc drive and a standard variant with a disc drive. It is being estimated that the Digital edition of PS5 might cost $50 less than the standard edition. 

Looking at all these rumours, it would be safe to assume that the PS5 price might be between $500-600 at launch, although the prices in India will almost definitely be a bit higher.