No WayPS5 Will Cost More Than $500, Says Former Xbox Executive

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While the recent PlayStation 5 event finally gave us the first look at the actual next-gen console itself, there are still several important facts that we don't really know, and chief among them is exactly what the thing will cost when it does release. There have been rumors and placeholders that have surfaced online placing it anywhere from $700 to $400, and there has been no official word from Sony Interactive Entertainment one way or another. In our opinion, the PS5 will cost $500, and it would appear that former Xbox executive Albert Penello agrees that it won't be any higher than that.

Penello, who according to LinkedIn worked in Xbox marketing for nearly 18 years, was recently asked about whether he thought the PS5 would really release at $600, and his answer was fairly straightforward: "No way this console is over $499." You can check out his social media post below:


Penello did go on to later clarify that he also said "never say never" as well, which, yes, he did.


As mentioned above, the price and release date are the two big missing pieces of the puzzle, so to speak, when it comes to the PlayStation 5. Given that we are quickly closing in on the holiday season, and neither Xbox nor PlayStation has announced prices for their next-gen consoles, it is beginning to feel like the two companies are playing a large-scale game of chicken to see exactly what the other has up its sleeve. For now, all we have to go on are the aforementioned placeholders and rumors.

The PlayStation 5 is currently set to release Holidays 2020, though there is no definitive release date beyond that. At this point, the biggest chunks of information that we actually have about the upcoming next-gen console are its specs, the look of the base console, and its new controller, the DualSense.



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Related Forum: PlayStation Forum

Source: https://comicbook.com/gaming/news/ps5-price-not-over-500-xbox-albert-penello/

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"No WayPS5 Will Cost More Than $500, Says Former Xbox Executive" :: Login/Create an Account :: 9 comments

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RyanPosted:

If it costs anymore than £500 you might invest in an entry level gaming PC.

JoeIPosted:

Be good if it was true, below 500$ would be very inviting

DanielPosted:

Who cares about the price people will still buy the console wether it's shit or it's good or wether it's $200 or $1200.

ifconfigPosted:

I'll be surprised if it doesn't cost more than $500.

ifconfigPosted:

Mafiaherbs thats me lol any money ill cop a series x or ps5 A wont be better than my pc and 2 ill end up buying a pro plus 5 more in future years lmfaooo ive bought and sold over 40 xbox ones hahahaha should just stick to pc


I'll probably join you in buying the Pro too.

MafiaherbsPosted:

thats me lol any money ill cop a series x or ps5 A wont be better than my pc and 2 ill end up buying a pro plus 5 more in future years lmfaooo ive bought and sold over 40 xbox ones hahahaha should just stick to pc

Black_BiroPosted:

What's a "WayPS5"? A new word must've been invented recently.

VS4_ReviewsPosted:

EightThotz Let's be real, the same people who care about the price are the same people who'll cash out again for a pro version 2 years later


I'll quote this and say, they have to be reasonable so they don't begin to lose their community to PC. Keep in mind, consoles is really pushing into that direction and although most will use "exclusives" as a fighting point, however studios can switch up real quick if the interest declines too much.

EightThotzPosted:

Let's be real, the same people who care about the price are the same people who'll cash out again for a pro version 2 years later


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