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shikamaru317 said:

I’ll say it again, MS is not stupid enough to go above $500 on Series X. Every official statement from MS about pricing so far has suggested that it will be priced competitively, and $600 is not even a remotely competitive price. Microsoft saw both Xbox One in 2013 and Xbox One X in 2017 struggle to sell past the first Holiday at $500, leading to fast price drops on both of them, so they know that even $500 is not all that competitive of a price for them, they’re definitely not going to release  at $550 or $600.

I think what MS meant is that they'll will be competing with price through the Series S and power with Series X. I got a feeling Series X will be $599, though. Sony probably set a price already at $399 for the ps5 DE, as they seem confident enough to ramp up production. They are probably just waiting for MS to make the first move, hoping they will shoot themselves in the foot by going with $599.