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The PlayStation 5 May Be Cheaper Than What Has Been Leaked But Will Still Be Quite Expensive

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The PlayStation 5 is expected to launch next year during the holiday season and some previous reports have said that it won't come cheap. We can expect the console to be a bit more expensive than the previous generation's launch price. Last month, we reported that the PlayStation 5 could cost Rs 55,000 in India. It was based on a price leak by a European retailer and with 28.5% duty the Indian custom charges for game console imports. 

The PlayStation 5 May Be Cheaper Than What Has Been Leaked But Will Still Be Quite Expensive© Twitter/LetsGoDigital

Regardless, multiple reports have suggested that it will be pricier than the PS4 Pro and PS4. Having said that, Sony sort of addressed this issue during a recent investors' call and it may be good news for people who are looking forward to the PS5. 

According to T3, Sony's CFO Hiroki Totoki said in the investors' call that the company is “analyzing the cost, the acceptable price in the market, and platform penetration,” while being “very conscious of the level of profit for investors and for the marketplace.” 

The quote might seem like the usual business jargon, but it also suggests that Sony is not going to gamble the future of the PS5 with an unaffordable price. An affordable price is going to be crucial for the successful launch of the PS5 as it will make it easier for PS4 owners to transition to the new console. Another leak has suggested that the PS5 will launch in early December 2020 as customers are more likely to upgrade in the holiday season. An attractive price is going to make it easier for the company to penetrate the market with existing and new customers. 

The PlayStation 5 May Be Cheaper Than What Has Been Leaked But Will Still Be Quite Expensive© Unsplash

Even though this report may suggest that the PlayStation 5 will be cheaper than what earlier reports have suggested, it is still going to be a bit more expensive in India. As before, the Indian government will levy a 28.5% import duty tax on the base price of the console. No matter what the price will be, the PlayStation 5 will probably cost considerably more in India. As of now, it is not clear what the pricing of the PlayStation 5 will be, so we suggest you take every leak with a grain of salt for now. 

In the case of Xbox Scarlett, we can expect similar pricing as well due to the fierce rivalry and competition between Sony and Microsoft. For now, early reports suggest the PS5 will be revealed by the company at an event in February and we're hoping to get more information about the upcoming console at that time. 

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