While experts assumed the new console would be expensive this price was out of the ball park since the rumor ranged from 300-600.  This price as well as the release date of December 2020 are place holders since we have yet to hear of any official announcement on these 2 points.

“Following yesterday’s big PlayStation 5 event, PS5 is now available to pre-order, but it’s going to cost you $700. More specifically, retailer Play Asia has opened up pre-orders for the next-gen PlayStation console and stuck a price tag of $700 on it. Interestingly, the listing also mentions a December 2020 release date, but like the price, this is almost certainly just a placeholder date. At the moment of publishing, Sony has not disclosed a price point for the console nor a release date more specific than “holiday 2020.” However, Play Asia has issued placeholders for both of these details in order to open up pre-orders not just for the standard version of the console, but the digital-version as well.

Current rumors and speculation point to a $500 price point for the console and a release sometime between late October and early November. there have been a few leaks here and there that have suggested the console will release in December like the PS1 did; however, it’s unlikely Sony would be willing to miss Black Friday and Cyber Monday, which is when a bulk of holiday season shopping is done, especially in North America, the console’s primary market.”

Article:https://comicbook.com/gaming/news/ps5-price-pre-order-playstation-5-buy/

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