Is the market ready for a $500 console yet?

[ptofhearts]

RaptorChrist said:

ptofhearts said:
Can't Sony realistically release a new high spec console at U$399 or at the very least at U$449 7 years after they managed that with the PS4? Or is the PS5 really going to be unbelievably more powerful in terms of technology that would justify a U$499 price tag?

The part you are having problems with is the usage of the word "high-spec". The poll used "low-specs", "medium-specs", and "high-specs" as a way of categorizing the different price points.

More powerful hardware costs more money. Or are you under the impression that $499 is a price beyond the scope of what powerful hardware can cost (i.e., there is no hardware powerful enough to cost $499)?

What I'm trying to say is can't Sony reach a balance between having a powerful enough console for today's standards at a U$399 price tag? Of course more powerful hardware costs more money, but seven years ago a high end console that was the PS4 cost U$399 for consumers, can't a high end console today cost the same? Is it really that advantageous to go as far as to create hardware that will cost U$499?