Sony has officially confirmed that it is working on next-gen, and although it hasn’t revealed the name of the console yet, we’re putting our money on it being called the PS5. Regardless of what it’s called, we’ve had PS5 confirmed people, PS5 confirmed. Back in April, the PS5 was revealed by an exclusive Wired article, where the publication talked to PS5 architect Mark Cerny about the PS5 specs, and even gave a cheeky wink and a nod to the PS5 price.
The TL;DR version is that it’ll be backwards compatible with PS4; will have a disc drive; it’s been in development for over four years; a number of studios are already working on PS5 games; it’ll boast 8K graphics and support for ray tracing; and under the hood will be a custom made AMD CPU and GPU.
Interestingly, in May this year, Sony said in a in a corporate strategy meeting that the PS4 would still be the “engine of engagement and profitability for the next three years”, with the PS4 still having an “outstanding roster [of] exclusive AAA games still to come”. That, of course, includes The Last of Us 2, and Ghost of Tsushima, which still don’t currently have release dates. It could well be that these titles will see simultaneous PS5 and PS4 releases.
Be wary of that PS4 still being a money driver for the next three years thing too. The PS4 and PS5 will exist alongside each other in the market for at least a few years after the PS5 launch, with a good majority of the 90 million(+) PS4 gamers not making the transition to PS5 for years after the console is released. We’re still putting our money on a Christmas 2020 PS5 release date.
How much will the PS5 cost?
After the big Wired article that officially confirmed the PS5, Wired’s Peter Rubin took to Twitter to relay information that hadn’t made it into the original article. That included slight hints towards the potential cost of the PS5. According to Rubin, PS5 architect Mark Cerny said that he “believe[s] that we will be able to release it at an SRP that will be appealing to gamers in light of its advanced feature set”.
When pressed on whether that means it will cost more than the PS4’s launch price, he wouldn’t give any further details, simply saying “that’s about all I can say about it”.
What it translates to though, is that the price will be relevant to the technology that’s under the hood, and because it will be more powerful than the PS4, you can probably bet it’ll be more expensive too. Our prediction is that will circle the $500 / £450 price point, but only time will tell.
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