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PlayStation CEO Weighs In On PlayStation 5 Price Point

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PlayStation CEO Weighs In On PlayStation 5 Price Point

We finally know so much about the PlayStation 5. It's coming towards the end of this year. Both the controller and console look like they're straight out of WALL-E. There are some incredible games coming to the console, including a new Spider-Man and Horizon Zero Dawn sequel.

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Yes, it's all very exciting. We know everything from specs, to software. All we're really waiting on now is the price of the damn thing. While Sony refuses to offer any indication of how much the next-gen console will cost, PlayStation CEO Jim Ryan has confirmed that the company will put "value" over "price," so I guess that's something.

PlayStation 5 / Credit: Sony
PlayStation 5 / Credit: Sony

Ryan was speaking with BBC Click when he touched on the thorny issue of releasing a new console just as economies around the world appear to be collapsing in on themselves like wet cakes.

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"Conventional wisdom and history show that our business is one of the more recession-proof businesses," he explained. "But I think this will sharpen our need to ensure that we focus on getting the value equation right. And I emphasise value as opposed to price.

"We must be more attentive than ever before to ensure that the overall value proposition in terms of the console and the games - the range of games, the quality of games, the quantity of games - makes this something that our community aspires towards."

Ryan also mentioned the digital-only version of the PlayStation 5 that was announced last week, essentially confirming what we all suspected: that it'll be cheaper than the standard model with its disc drive.

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"You're not going to hear anything on price today," he said. "But many of our consumers are purchasing solely digitally these days. We thought that we would do what we typically try and do, and just offer choice."

The new PlayStation logo
The new PlayStation logo

Fans are growing increasingly frustrated over the lack of communication on price for the PS5 and Xbox Series X. Ahead of the PlayStation event last week, an Amazon listing suggested that a 2TB PS5 model would cost around £600 - but we would recommend not trusting that particular listing for the time-being.

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Most industry analysts seem to think that the standard version of console will be somewhere in the region of £500. I certainly can't see Sony trying to sell it for much more than that, but we'll have to wait and see. All I know is that I'm already saving for it now.

Featured Image Credit: Sony

Topics: PlayStation 5, PS5, Xbox Series X

Ewan Moore
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