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Xxain said:
We already have a thread this topic.

The PS5 will be priced at 499 and 399 respectively. SONY does not have react to MS, because unlike MS, SONY actually has the brand power to sell their products at those prices. Do understand MS has to do cheaper model thing to even have chance at truly competing this gen. Get it out of your head it will be cheaper.

I don't think this statement is accurate. Sony did react to MS based on all the leaks which state PS5 was supposed to be more expensive. My guess is that Sony thought MS was aiming for $599 for disc Series X which means Sony would have done same price for PS5 and $499 for discless PS5. I also think the fact that they are reducing production of PS5 is in response to the cheaper Xbox so they can mitigate some of the costs and avoiding losing a crap load of money for each PS5 sold.