Sony’s next-generation PS5 console is coming to stores this November, priced at $499.99 and $399.99, with a new God of War title and a Harry Potter role-playing game
The pricing announcement sets the stage for a year-end showdown between Xbox and PlayStation, as consumers continue to flock to gaming optimised consoles offering exclusive titles.
Hardware pricing decisions have won and lost generational console battles as makers look to build the critical mass of consumers that will attract games developers to their platform. The announcement bolsters PlayStation’s lineup following the reveal of a slew of titles including Marvel’s Spider-Man: Miles Morales from in-house studio Insomniac Games in June. That title will also be available on the PlayStation 4, Sony said.
Gaming industry revenues have been on a tear among consumers staying home due to the COVID-19 pandemic, helping drive up Sony’s shares 46% since its March lows.
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