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HollyGamer said:

"Totoki implies that Sony is waiting to see what the price of the Xbox Series X will be before putting a price on the PS5, so as to be competitive"

He implied absolutely nothing like that.

I don't know where you get these weird ideas from, but you are completely wrong.

Stuff like this is basically set by putting a money limit on the key components. In our case, the SoC and memory). A time goes on, reconsideration of all kind of factors are taken into account (keeping the set price within +/- 10%). These "minor" factors include about 5492645 things, absolutely none of which include how or when any competitors announce a price. This is serious money that has to be accounted for- right at the start.

I highly doubt Sony is planning to loose significant amounts of money on the PS5 hardware. We can pretty much guesstimate that MS isn't shy of doing it (after all, they have been throwing money down the hardware pit on the X1 for years like there is no tomorrow), but to each his own.