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Barkley said:

Not a chance the PS5/Scarlet are equivalent to an RTX 2080. The RX 5700 XT is the best Navi card atm, it's not as good as an RTX 2080 and it costs $400.

Performance will be closer to the RTX 2060, a little below the RX 5700 (non XT).

First, we’re talking next year's GPU.

Second, they're Navi based, but essentially they’re both going to be custom made.

Third, there’s a big difference between retail price of a single unit and bulk price of min 30+ million units. 

Fourth, those systems will be sold at a loss, and both will be more expensive than their predecessors.