I have an opinion.
Sony knew the massive backslach they would have gotten, but what they want is to test the actual impact on sales.

If this flops very hard, there will be a price cut and PS6 might cost $600.

But if it's not the massive flop that it could be, and it meets the probably low expectations... there is no going back, Sony is moving on to full Apple mode and Playstation will never be remotedly affordable anymore.

7 november release..

Yep.  And I think this will actually drive the ps6 price down, because Sony will re-learn from the ps3...  Ain't nobody going to pay $700 for a console.  If anything this will make Sony more price focused for the ps6.

Edit

And if the switch 2 launches in the $400 to $450 range + sells like wild fire...  there might be a strong message.  $700, IMO, is hard to swallow because online isn't exactly cheap either.  Over a generation online is another $500.  

You're acting like $699 isn't already a meme. The price is already outragous and they want you to plonk on another $100+ at your own volition to actually put discs in.

Sony knows they have people by the balls. $700 US/800 Euro (LOL) is a ton of money, but Sony knows full well you can't build a comparable PC for the same cost. 

AMD has basically said they're not even going to try and compete with Nvidia's flagship GPUs anymore, so Nvidia will charge through the ass for their future GPUs at $1000+ for any of the really good models. For Nvidia, gaming GPUs are becoming a tiny part of their overall business anyway, Switch + PC GPUs (gaming business) represented like only 9% of their entire revenue in their latest earnings report. Nvidia is basically going to become an AI services focused company. 

Gamers are just gonna have to accept getting fucked up the ass in pricing to have smaller and smaller tangiable graphical gains, that's all there is to it. Say bye bye to price cuts too. 

The moment this pricing model works along with their full push into digital-only, I'm going straight to PC+Nintendo systems only and never looking back. The Twins can kick rocks at that point.

$800 + $500 (online access for the generation)...  closing in on a good PC rig.  bearing in mind PC offers xbox games as well....  plus emulation, plus cheaper games, plus way better sales, plus cheaper upgrades...  Steam is growing for a reason.  I wouldn't discount the PC route.  

Ah misread that. Thanks

The profit margins on games are dropping because development costs are going through the roof, Sony knows it. They are pivoting to an Apple style pricing model where more of the profit comes from the hardware itself.

Game Controllers are going to cost a small fortune too, they're bumping the price of PS5 controllers by $5 to $80 now, they're going to push to $95-$100 for PS6, just watch.

The gaming industry is fucked.