Microsoft shocked the entire gaming industry when it revealed the aggressive pricing of its next-gen Xbox Series X and S consoles. Soon after, the gaming community started blowing up, demanding Sony to reveal the price of PS5. While Sony hasn't officially answered the important questions from fans, a recent rumor suggests that the company had originally planned to price the console considerably more than the Xbox Series X. However, following the announcement from Microsoft, Sony has since slashed the price on the upcoming console.
The rumor comes from a Gamereactor source suggesting that Sony has decided to slash the price on its PS5 console, and now the company will be selling the product at a similar price as that of the competition. Just like Microsoft, Sony also has variants of the PS5, one being the standard edition priced at $499 and an all-digital edition, which will retail at $399. This still makes the all-digital PS5 console $100 more expensive than the Xbox Series S. However, Xbox Series S is also said to be less powerful than the Xbox Series X, and that's an important difference.
The PS5 digital version is rumored to come with the same specifications as the standard edition, just an optical disk drive. The Xbox Series S that is priced at $299 is powered by a weaker GPU, and as a result, it cannot offer 4K gameplay.
Of course, all of this isn't official information coming right out of PlayStation headquarters. Therefore, we advise that you take what's being said here with a big chunk of salt. Furthermore, since the console itself is said to release in November, fans shouldn't have to wait too long to learn the pricing and all the PS5 editions that Sony has to offer.
The PlayStation 5 is expected to launch in November 2020.