ManaByte
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PS5 Price Is a 'Balancing Act,' May Be Influenced by Xbox Series X Price - IGN
It seems Sony hasn't yet determined a price for the PlayStation 5 as it's waiting to see what the Xbox Series X will be priced at.
uk.ign.com
He then said that one factor Sony can't control is the "price level" of the next-gen console space. Totoki implies that Sony is waiting to see what the price of the Xbox Series X will be before putting a price on the PS5, so as to be competitive.
"What is not very clear or visible is because we are competing in the space, so it’s very difficult to discuss anything about the price at this point of time, and depending upon the price level, we may have to determine the promotion that we are going to deploy and how much costs we are prepared to pay."
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