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Is the market ready for a $500 console yet?

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What should the PS5 & Xbox 4 cost at launch?

$500 (high specs) 45 60.81%
 
$450 (moderate specs) 8 10.81%
 
$400 (low specs) 21 28.38%
 
Total:74

With Sony & Microsoft's next-gen consoles likely due just 19 months from now, there's been a lot of talk about the specs lately and it got me thinking: how much are they going to cost at launch?

We already know that the PS5 at least will retail at "less than $500," which is kind of vague. $499? $449? But is the market ready for a $500 console yet? Well, maybe. So long as they can offer enough horsepower to justify the price, I think it would work. And given that many felt the base PS4 & XBO were kind of underwhelming, I do hope we get something that's a more serious leap this time. Looking at past launch prices adjusted for inflation, $500 isn't nearly as high as it used to be. Here's some past console launch prices adjusted to current U.S. dollars (rounded to the nearest dollar):

PS2: $438
Xbox 360 (20 GB): $515
PS3 (20 GB): $631
PS4: $436

And of course there's the $500 Xbox One X, which, while just a mid-gen upgrade that is not the most popular SKU, still apparently has done pretty well for itself (though exact numbers have proven elusive). It was clearly enough of an upgrade to justify the price point (as opposed to the original XBO's $500 launch price, which was due to forced Kinect, something most felt was not worth it, and was arguably the key factor behind Xbox dropping to second place in the U.S., its strongest market, this gen).

$450 would put the PS5 & Xbox 4 right on par with the PS4, assuming a net inflation rate of 3% between now an Nov. 2020. $500 would only be $50 more than that (and a bit less than the 360 Pro's adjusted launch price), while $400 would make them the least expensive systems of their respective brands. If the PS5 and Xbox 4 are beefy enough to justify is, $500 could be a reasonable price point at launch, one that will not turn away potential early adopters, and would give us systems that would be a significant leap.

P.S.: Sorry if this post doesn't flow well or seems kind of rambling. I'm half asleep and haven't eaten dinner yet.



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I don't think this price has ever been attractive. It seems to me the right pricing most consumers are willing to take the leap for is 400.



My body is certainly ready.



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as long as you have the software, and hardware upgrade to justify it, I think the price will be fine.



I think it will be an easier pill to swallow when both PS5 and xbox4 is $500, and not just one of them.



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I will never understand gamers if it comes to console prices.

Not only is the console itself only a small part of what you pay overall for gaming but it seems as if gamers never have more money even 30 years later even though people around them get a payraise every freaking year and inflation is a thing.

500 bucks shouldn't be really a problem if 400 wasn't 7 yesrs earlier if the console releases in 2020.



300 is the limit I allow myself to spend on one purchase, when exceptions are needed it doesn't matter what is in my bank account after that, I make sure to fuck I save on top of it so I can avoid a bank busting bad luck scenario so it is out of my range and would take me at least a month to save which gives me way too much time to digest it. If it was a year ago around this time I'd have to spend four or 5 months saving and who knows what it'll be like for me next year. 400 is the absolute best price. It always seems I'm able to buy tech when it is around 400 or so but when in gets to the 500 mark or over I have a much harder time, it took me a year to finally grab a 4k TV because of flip flopping over prices. Even 50 euro can make an insane difference to me and be the differentiator between a sale or going some place else.
I hope it is 400 euro.



 

Everything in the above reply is my opinion, from my own perspective and not representative of reality outside of my own head!

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Yes, without a single doubt.
$500 PS5 will sell like crazy just like the $400 PS4.
$500 for high-end tech devices iw nothing out of the ordinary nowdays, they would be silly to not make use of it.



It is just needs to match its direct competitor price and it will be fine.



For me as a gamer and hardcore gamer the problem is not in the price number, but with what can you get with the price, If you get what you paid for than that is affordable. But for people that is not primarily gaming they need to think twice for their priority and their general income.

We just need to see in each country what is their general income, how much they spend , what is the trend? But people who step in to buy entertainment product and gadget they already knows that they will spend a lot money, so it will be depend on what the value proposition come with the price. Sony will just need to sell, to market and to added a value, and try to explain to the mass market.

Also it will directly affected by other competitor product and general consumer knowledge. For example if Microsoft come with less expensive stuff but with the same performance and value, then it will be considered expensive. For general consumer knowledge means like how they understand about 4k, 8k, resolution, graphic fidelity , and other multimedia and entertainment jargon .

So it all depend on, general income, price trend, competitor, consumer general spend, consumer knowledge, value proposition, quality that come with the price, brand recognition and how Sony can convince the market.

With Backward compatibility I am sure many who have PS4 will jump to PS5 , and many people also will no doubt that Playstation is world known brand. It's now depend on Sony to balance the price to not far from their competitor and to add "reasonable value" , and to consider the price to the trend on price, and basic economy in general.