The Reason Why Sony Is Not Yet Revealing PlayStation 5’s Price or Release Date

on the way. . .

With Sony opting to not participate in e3 later this year, the company held one of the dumbest press conferences in the history of gaming a few weeks ago. The Tokyo-based gaming giant revealed the official PS5 logo around the holidays, leading to speculation that something else would be leaked in the near future. Well, this week, Sony announced on their official site that the company wasn’t ready to fully unveil their next-generation console.

Sony said, “We’ve begun to share some of the incredible features you can expect from PlayStation 5, but we’re not quite ready to fully unveil the next generation of PlayStation. Sign up below to be among the first to receive updates as we announce them, including news on the PS5 release date, PS5 price and the upcoming roster of PS5 launch games.”

So, with no price point in place or an exact release date; gamers have only been told holiday 2020 for all consoles. Speaking of which, Sony had its Q3 earnings call this week; as Chief financial officer, Hiroki Totoki made some eye-raising comments. Sony is essentially waiting for Microsoft to formally unveil the price for the Xbox Series X.

The new Xbox Series X is set to have two models: Xbox Scarlett (Anaconda) and its cheaper, disc-free, lower spec model, codenamed Lockhart. Many are expecting the Scarlett to be upwards of $499, with the Lockhart ranging around $399. This could mean that the PS5 would likely target a matching price for the Lockhart at $399; when everything is unveiled next fall in Europe.

Let us know in the comments what you think of the possible price.

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