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This is an interesting idea, if I'm not mistaken the PS4 hit the 100 million mark 67 months in. So not only will the PS5 be able to shave 7 months off that, but add an additional 20% on top of it.

The PS2 was able to make such a price drop due to Sony's, not Sony Interactive Entertainment's, position. Sony as a whole was doing quite well for itself in the early to mid 2000s, which allowed one of their divisions to take a risk by cutting the price of the system by such extremes in order to make a long term profit in the form of game sales. Sony today relies on its gaming branch, if I'm not mistaken aren't many parts of Sony shrinking in revenue? This would make a company more cautious about doing this sort of thing. Afterall many times the ones calling the shots aren't those who know the gaming industry, but those who see potential profits being lost due to uncertainty.

Then there's the financial situation in the US (This really is more important than the world as a whole as that's where the most competition will be for the PS5 and XSX), the Bureau of Economics Analysis saw a 39% drop in consumer spending year over year for the second quarter. It is believed that families are currently saving up (also in the report), and while the gaming market is booming for now, the real question is how long can it boom for? With an unemployment rate steadily going down, its still quite high at 11.1 according to the Bureau of Labor Statistics. I'm not saying this will cause the XSX or PS5 to have an advantage over the other, what I'm saying is that in comparison to 2013 there will be a decrease at some point. This of course can be resolved by COVID-19 numbers going down enough to where it is safe to go back and the unemployment rate continues to go down. However I'm not too confident in this, now I do believe the numbers will get better, but will people go out and back to normal life, I don't think so.