Former Xbox executive says there’s ‘no way’ the PS5 is more than $499

[Jacob Siegal]

• Sony has yet to announce the price of the PS5 yet, but former Xbox marketing boss Albert Penello says there's "no way" the next-gen console costs more than $499.
• Penello helped oversee the launches of the Xbox, Xbox 360, and the Xbox One, which was soundly beaten by the PS4 due to the $100 price difference at launch.
• Sony has more PS5 events planned for the coming months ahead of its holiday 2020 release.

The Future of Gaming showcase last Thursday was precisely what Sony needed to do to get fans excited about the PlayStation 5. Sony had been uncharacteristically quiet for the first five months of the year, but over the course of an hour, we got to see dozens of games that will be launching on the next-gen console in the coming months and years, many of which will be exclusive to the PS5. We also were introduced to the hardware -- with and without a disc drive -- which, at the very least, got people talking. But there are still plenty of unanswered questions.

Chief among them: How much will the PS5 cost? We want to know what the user interface looks like and how many games will be available to play on launch day, but the price will be the determining factor for countless consumers this fall, and even Sony has seemingly been preparing gamers for a steep price tag. But, shortly after the event last week, a reliable source chimed in with an educated guess about the PS5's price.

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Former Xbox executive says there’s ‘no way’ the PS5 is more than $499 originally appeared on BGR.com on Mon, 15 Jun 2020 at 09:54:54 EDT. Please see our terms for use of feeds.

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