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Is the market ready for a $500 console yet?

Forums - Gaming Discussion - Is the market ready for a $500 console yet?

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

Yes. We're nothing like, say, 2006, when the PS3 released. Gamers, on average, are much older (and thus have more cash to spend) and back then gaming itself was cheaper than it is now (for instance, now we've GPUs costing $1000 or more, literally unthinkable back in the GTX 8800 days). Not to mention the usual pricing of smartphones etc. nowadays.



 

 

 

 

 

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I hope it's even more than that if the hardware justifies it. It would be great if they could release a lower cost version for all the usual whiners online though.



People were worried about the Switch price because it was too close to competition (comparing the hardware capabilities) and some were seeing it as a handheld. But that did not stop it from breaking records because of 1 thing...... The games.

It is all about the games.



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setsunatenshi said:
I hope it's even more than that if the hardware justifies it. It would be great if they could release a lower cost version for all the usual whiners online though.

For people who think price is an issue, they should just wait for Blackfriday and Christmas deals, wait for another SKU so the original SKU lower its price, or wait a couple years where both the hardware and games will be lower than its original price at launch. 



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crissindahouse said:
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.

That is true for us here in the forums, who buy and play probably 10 games or more a year. But as many people watch one movie a year in the cinemas - and these are the customers who create a blockbuster - so are gamers who play one game a year (probably FIFA). And they make a successful console. If a company targets only gamers dedicated enough to visit regular gaming forums, they probably sell 5M lifetime. Let's be generous and say 10M - exactly this was the case with PS Vita and WiiU. Many dedicated gamers liked these devices. But not the majority, who plays fewer games.



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The big 3 are really stubborn with official price cuts lately. I think they will have no problem introducing their consoles at higher prices, and then a price cut or 2 and then only relying on holiday or other deals to be the "price cuts".



Jranation said:
setsunatenshi said:
I hope it's even more than that if the hardware justifies it. It would be great if they could release a lower cost version for all the usual whiners online though.

For people who think price is an issue, they should just wait for Blackfriday and Christmas deals, wait for another SKU so the original SKU lower its price, or wait a couple years where both the hardware and games will be lower than its original price at launch. 

agree to some extent, I think Sony themselves should also be able to cater to these more cost sensitive consumers and offer an option that would grow the user base. it would be beneficial to all, the broader the base, the more and better games will be developed.

the doors are open with the introduction of tiered skus (pro vs non pro), so the market is more aware now that there is no imperative to get the most expensive model if someone really wants to stay low cost, all while allowing the enthusiasts to spend the extra money for better performance and perks.



I would hope so, this isn´t 2006 anymore, we live in an age where people pay more than $1.000 for phones and other devices so some of that "disposition" should rub off a little on the console market, and considering it´s something that´ll last you for ~6/7 years and help insure a more significant leap over the previous generation, I say bring it.



crissindahouse said:
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.

It's literally the difference between $500 getting you a console and having money left over for a couple of games, a game and a controller, etc.  Or, $500 just getting you the console and having to spend $600 just to be able to use it.

As far as payraises and inflation goes, you do realize the cost of living increasing is also a thing, right?  My dad bought a ColecoVision in 1982 for $175.  You can tell yourself that purchase would have cost $460 today.  But, I will tell you that in 1982, my dad was able to raise 4 children on a single family income.  Today, every married person I know needs a dual income to get by (both spouses working).  And, a lot of them don't have children because they fear not having the money to properly care for another mouth to feed in the household.  Declining birthrates are a thing too, you know.  But, you keep telling everybody that a $500 base purchase for a toy isn't a big deal.  I hope Sony busts out another $600 PlayStation just for you.  Because if an adjusted for inflation ColecoVision cost $460 in 1982, then a $600 PlayStation today shouldn't be a problem for anyone.  Even though we already saw in 2006 it was an absolute disaster.



Only if the Console releases with a new RIDGE RACER!! :)



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