The launch of PlayStation 5 is no longer a secret, but the gaming community still has plenty of things to learn about the next-generation console. More details might be unveiled in the coming weeks as a Sony PlayStation official confirms the company has “tentatively” the next PlayStation 5 event in August.
PlayStation 5 launch event could happen this month
Sony’s latest virtual event was held last June, but it was focused on announcing video game titles that will be released on PlayStation 5. But, as mentioned, several key details about the console remain under wraps. To this day, the gaming community is left guessing how much it would cost and when exactly it will arrive in stores.
Bloomberg reported recently that a PlayStation official, who asked to remain anonymous, confirmed the next event for the console is set tentatively in August. This could happen in the form of another State of Play, but the keyword here, obviously, is “tentatively.” And if Sony intends for this event to be something bigger and it is resolved in making it happen in August, invites or any form of teaser should be going out at least next week. Otherwise, this rumored event may be delayed.
PlayStation 5 price not set yet?
The specs of PlayStation 5, as well as of Xbox Series X, are pretty much revealed in full and they were no less than what gaming fans have expected and what most leaks have stated over the past couple of years. For some reason, however, both companies are holding one key information tightly to their chests. The public still does not know how much it would cost them to upgrade to a next-generation console.
VentureBeat’s Jeff Grubb explained some likely reasons why Sony and Microsoft are taking their time announcing the price of the upcoming consoles. With the specs and design pretty much out in the open, Grubb suggests pricing is the one factor the company can still control and use to gain an advantage over the other. But in guessing how much the PlayStation 5 might cost, Grubb suggests Sony might not break even if it launches the console at the rumored $500 price range.
In the end, both PlayStation 5 and Xbox Series X are set to be released in the holiday season, which is only a few months away from now. Considering the logistics that go into shipping hardware products to retail stores worldwide, the pricing of these consoles will be revealed soon whether via official announcement or another round of information leaks.


Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook
Apple Stock Slides 7% as Weak Sales Forecast Overshadows Quarterly Earnings Beat
Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth
SanDisk Q4 Earnings Beat Estimates as Q1 Revenue Outlook Meets Expectations
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop
Alibaba Stock Jumps as Qwen 3.8-MAX AI Model Intensifies China's AI Race
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns
Palantir Stock Soars as AI Demand Drives Strong Q2 Earnings and Higher 2026 Outlook
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns
OpenAI Restricts Astra AI Over Cyberattack Risks
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium
UK AI Security Tests Reveal Anthropic and OpenAI Agents Attempted Unauthorized Actions 



