PS5 Confirmed Backward Compatibility

[The_Liquid_Laser]

TheBlackNaruto said:

The_Liquid_Laser said:

Well, I never met anyone before who wasn't confident enough to call it a PS5 based on their past naming conventions.  And yeah, a powerful console always leads to a pricey console.  That is what has happened with every powerful console in the past.  My "absolutes" are based on what we already know has happened before. Are you uncomfortable drawing conclusions based on past information?  

Also $499 fits my definition of pricey.  $399 has proven to be reasonable.  $449 is pushing it.  $499 and up is pricey.  I don't know what the price will be yet, but it is looking pricey based on the information we have.  We'll have to see if it goes that way.

Actually this is not true.....was not the PS4 the more powerful console between it and the XB1 when it first launched AND the cheapest of the 2? So no power does not always equate to pricey.......just wanted to add that into the conversation.

PS4 was considered a conservative console when it was released.  PS3 was considered an ambitious console.  PS4 just happened to be more powerful than it's two competitors, because they both focused on expensive peripherals instead of hardware specs. 
  

CGI-Quality said:

The_Liquid_Laser said:

Well, I never met anyone before who wasn't confident enough to call it a PS5 based on their past naming conventions.  And yeah, a powerful console always leads to a pricey console.  That is what has happened with every powerful console in the past.  My "absolutes" are based on what we already know has happened before. Are you uncomfortable drawing conclusions based on past information?  

Also $499 fits my definition of pricey.  $399 has proven to be reasonable.  $449 is pushing it.  $499 and up is pricey.  I don't know what the price will be yet, but it is looking pricey based on the information we have.  We'll have to see if it goes that way.

The PS4 was a powerful console when it launched at $399 (a price plenty of people thought would be higher, hence part of the roaring response at E3 2013). Even more so than its nearest competitor's machine (which was $499 at that).

Next, what happened with the PS3 doesn't mean it will happen with the PS5. You're making these correlations from.....nothing. This remains on top of the fact that we don't even know anything of the solid specs yet. 

$499 for a console in 2019 (2020 when this launches) is a bit pricey, yes. Without specs, it remains a guess though. 

Sony took a loss of $60 per console at PS4's launch price of $399.
Sony took a loss of $307 per console for the PS3's that sold at $499 and a loss of $241 for the PS3's that sold at $599.

The PS3's were costing them about twice as much to make at launch than the PS4's were.  PS3 was very ambitious and PS4 was not.  It turns out that the PS4 was the smarter move.  Not only does the PS4 have significantly more market share, but more importantly, the PS4 has posted record profits for them, while the PS3 caused record losses.  The success of the two consoles is as different as night and day.

So now when there is talk of the PS5 being a powerful console, that should be a red flag.  High power and high cost has not been good for Sony.  A conservative strategy has been very good for them.  If they do a similar thing again, then we should expect similar results.  I don't know what the price will be, but based on what we know so far that is heading in the pricey direction.  That is not good.