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At this point, I don't think they are going to cut the PS4 price until after the PS5 releases.  I mean, really, this would have been the year to cut the price.  The software lineup this year was pretty weak.  Sony didn't even go to E3 or have a significant replacement for an E3 presentation.  They basically phoned in the whole year.  Did they cut the price?  Nope.  PS4 is still $300.

Next year, the software lineup is already looking better.  If they didn't cut the price during a weak year, then I don't think they'll do it during a strong year.  After the PS5 releases, they'll probably give the PS4 one final cut, but I wouldn't hold your breath until then.