PS5 price news: Multiple sources reveal what PlayStation 5 price should be

10/20/2019

The PlayStation 5 is coming – Sony has already told us that.

But beyond a vague release window (Holiday 2020) and a few specs, very little is known about the upcoming Sony hardware.

Jim Ryan, President and CEO of Sony Interactive Entertainment, dropped a massive PlayStation 5 blogpost with plenty of new intel a few weeks back, and whilst the information was certainly welcomed, it didn't shed any light on some main issues consumers are concerned about.

One of the most important things gamers are eager to discover about the new machine is its price: a console lives or dies on its launch sales, and the PlayStation 5 has more competition than ever.

Facing off not just against Microsoft and the Xbox Scarlett, but against Google and its streaming service Stadia, too, Sony needs to balance the machine just right – selling it as a premium console suited to dedicated gamers, but also making the price point available to as many people as possible.

How much would you pay for the PS5?

8000+ VOTES SO FAR

Over the last few weeks, we've been running a poll to see what you – the reader – would happily pay for the SSD-toting, HDR-having, super-powerful next-gen console.

Our poll, for those who may have missed it , represented just over 5000+ votes. And of those who took part, 45% were more concerned with the price. So we set up another poll, asking exactly how much players would be comfortable spending on the new machine when it launches next year.

In the latest Daily Star poll, with over 6000 votes giving us some rather robust data, only 29% of voters were unwilling to pay more than the launch price of the PS4 at £349.

Remarkably, 71% of voters are willing to pay upwards of £399 for the new Sony machine.

27% will go as high as £399, 15% would pay £449, 15% wouldn't go above £499 and surprisingly 14% would pay over £500 for Sony's powerful new console.

But how indicative are our readers habits compared to the wider industry? Pretty accurate, it turns out.

Specialist site PushSquare has noted that its readers would be most happy a price landing between $400 and $500, but people would still go up to even $600 if necessary.

45% of the site's readers believe that the PS5 will be priced between $400 and $500, which lines up with what our readers would pay – which 29% of our readers agree with.

39% of the site's respondents reckon the machine will come in between $500 and $600 (reminder that £399 in dollars is about $513 at the time of writing), matching 27% of our readers' outlook.

Eurogamer.pt also published a poll about the PS5 price issue. Here, 42% of the readers suggested that the PS5 could be priced at €499 – that's £431.

Which PlayStation exclusive are you most excited for?

1000+ VOTES SO FAR

The takeaway from all this is that people are landing on a £400-£500 price tag for the machine, but would obviously be more tempted by the machine if it comes in cheaper.

Given that both the PS4 and PS4 Pro launched at £349, it feels as though Sony has established an expectation for the new hardware at this point.

The PS3 launch at £425, which at the time was seen as too expensive, and severely impacted the console's popularity at launch.

It's going to be interesting to see where Sony lands on this issue. We've got our eyes peeled and will update you with any more information as soon as it's available.