PS5 Latest News, Update: October 2020 Release Likeliest, Costs Under $400?

Despite the PS5 getting confirmed by Sony earlier this month, there are still a lot of questions surrounding the console such as when it will hit the market. A recent development on that front suggests that the game box will actually come out around October next year. What’s more, it could cost under $400, if the hints with regards to the price are anything to go by.

A recent earnings call by Sony revealed that the PS5 would not likely come out before May 2020. Specifically, the details suggest that the next generation console of the company will not hit the marketing within the next 12 months. However, this is just the optimistic view of the release window of the console, Games Radar notes.

If past release schedules of gaming consoles are anything to go by, the period closer to the holidays are often the most likely to see a new game box. With this being the case, it is more probable that the PS5 will come out between October and December. On that note, the console will likely be announced long before that and details with regards to the unit will also be released during that time.

As to why it was revealed that this would be the case, the executives over at Sony likely wanted to head off any kind of leaks that might be coming out as it starts giving out development kits. By getting ahead of the details coming out via unofficial sources, the Japanese giant retains the impression of control. This applies to the potential prices of the PS5, as well.

In the same call, it was noted that the console would have a price that customers will find “appealing.” When factoring in the costs of the PS4 Pro, any price that customers would consider even remotely appealing would have to be under $400. Anything above that will likely see the PS5 performing similarly to when the PS3 first came out. Nobody wants to see that.