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PS4 = $400 / €400

PS5 = $500 / €500

And if memory prices and storage prices stay high due to overwhelming demand (PCs, mobile, consoles... all new models use/need more RAM & flash memory), Sony perhaps has no choice if they want to upgrade the RAM to 16, 24 or even 32 GB in the PS5.

GPU prices are also rising thanks to the additional demand of miners, of course AMD or Nvidia are in a much better position in pricing the next console GPU or APU. TSMC and Global Foundries can't grow as fast as the demand for faster processors for PCs and mobile devices, of course that will also rub off on the prices for console processors.

But the price perception is all in context to similar products. If PC GPUs stay expensive and new smartphone flagships get more expensive every year, a powerful PS5 for $499 or even $599 could be seen as a good deal for the majority of customers, who are already conditioned to higher hardware prices.