PS5 prices are expected to come out on Wednesday at Sony’s “PlayStation 5 Showcase” online event, but a new Bloomberg report reveals what they could be. According to analyst Masahiro Wakasugi, the PS5 can be priced “as low as $ 449” (about Rs 33,000), while the PS5 digital version can be priced under $ 400 (about Rs 29,500). Of course, India’s prices will be very high due to taxes, customs and import duties. Based on the previous launch, this PS5 is priced at around Rs. 44,990 in India, with the PS5 digital version possibly around Rs. 39,990, which is similar to the Xbox Series X and Series S pricing.
Bloomberg [paywall] A report by Sony about a 4 million unit reduction in PS5 production for this fiscal year ending March 2021 stated its new PS5 price estimates. This brings total PS5 production for the PS5 and PS5 digital editions – down to 11 million. This is apparently happening as Sony reportedly faces manufacturing issues with its custom-designed system-on-chip (SOC) for the PS5. Production yields fell by 50 percent, and although they are now improving, they are not “stable”.
This comes two months after Sony reportedly increased orders because it was expecting more demand, as people spend more time at home globally due to the ongoing coronavirus epidemic. But Sony will not be able to meet its 15 million production target. Bloomberg said that Sony declined to comment.
It is too early to say whether this will create a shortage for consumers. Sony has said in the past that PS5 pre-orders will be limited to one per household. And its complex pre-order system – at least in the US – which probably involves registering your interest to invite PS5 to pre-order, suggests that stock may not be freely available is.
The PS5 is expected to be launched in November, while the Xbox Series X (Rs 49,990) and Series S (Rs 34,990) will be released in India on 10 November.