Today, Sony revealed that PlayStation 5 will cost $400 / €400 / £360 for the Digital Edition and $500 / €500 / £450 for the disc version when it launches in November.
Cheaper than Xbox Series X
PlayStation 5 will launch on November 12, 2020, in the US, Japan, Canada, Mexico, Australia, New Zealand and South Korea. It will launch on November 19, 2020, in the "rest of the world", said Sony.
Prices will be $400 / €400 / £360 for PlayStation 5 Digital Edition and $500 / €500 / £450 for the disc version of the console. Launch and pricing details were confirmed today during Sony's PS5 event.
It means that the digital edition of PlayStation 5 will be significantly cheaper than Xbox Series X, which is Microsoft's most powerful next-gen console. Prices for Xbox Series X and PlayStation 5 with disc drive will on the other hand be the same. Xbox Series X will cost $499 / €499, Microsoft has confirmed. Microsoft will also launch the cheaper Xbox Series S ($299 / €299) but it will not be nearly as powerful as Xbox Series X and PlayStation 5.
$400 / €400 is probably lower than many had anticipated. How can Sony sell PS5 at this price? Besides savings on the optical disc drive module, the digital version of PS5 will require users to buy all games from the PlayStation Store. Companies like Sony and Microsoft earn more when selling games digitally as opposed to selling games on discs.
For comparison, PlayStation 4 and PlayStation 4 Pro both launched with a $400 / €400 price tag in 2013 and 2016, respectively. PlayStation 3 was more expensive with its $600 / €600 launch price.
Further information about the new consoles can be found in our PlayStation 5 section.
Now that Sony has confirmed launch details, it is clear that next-gen console gaming kicks off in November. PS5 pre-orders are live now amazon.com, amazon.co.uk, amazon.de and soon in other regions too.
Sony also announced prices for its PS5 accessories, also launching in November: