Introduction
If you’re a gamer eagerly awaiting Sony’s latest console, the PS5, you may be wondering just how much it will cost you. With rumors and leaked information circulating around the internet, it can be hard to know what information to trust. In this article, we aim to provide a comprehensive breakdown of the PS5’s cost, value, and added expenses. Whether you’re an avid gamer on a budget or simply curious about what this console has to offer, our guide will help you better understand the true cost of owning a PS5.
The Price Point of the Next-Gen: A Breakdown of PS5’s Cost
The hype for the PS5 reached a peak as it’s launch event was held, but it wasn’t until Sony revealed its price points that gamers were able to put more concrete plans in place. The standard PS5 console, which includes a disc drive, will be sold for $499, while the digital-only version will retail at $399.
It’s worth noting that these prices are in line with what gamers have come to expect from new console releases. In comparison to previous gen consoles, the original 2006 PlayStation 3 debuted at $499, and its equivalent, Xbox 360, was initially priced at $399. Sony’s following console releases, the PS4 and PS4 Pro, were priced at $399 and $499, respectively, similar prices to the new PS5.
However, with the pandemic affecting many industries, including the videogame market, the high price points of the PS5 may deter some potential buyers. Let’s take a deeper look at the models and price points.
Is the PS5 Worth the Purchase? Analyzing the Price Tag
Before diving into financial analysis, let’s take a look at what you’re paying for. The PS5 boasts impressive technological advancements, making it an exciting upgrade for Playstation loyalists. Its incredibly fast load times, high-resolution graphics, improved audio, and unique new features, like haptic feedback on the controller, make for a highly immersive gaming experience.
When it comes to finances, however, you may be wondering if the price tag is worth it. A new console is undoubtedly an investment, and you should consider whether it’s worth it for you personally before making the purchase. Do you have the time to dedicate to gaming? Will it provide the kind of entertainment that suits your lifestyle and preferences? And importantly, can you realistically afford to purchase it?
For an average gamer, buying a PS5 may be too expensive upfront – but taking into consideration the lasting technological advancements and enhanced gaming experience, the value it may provide for the ps5’s long lifespan, and trade-in possibilities it offers in years to come, it could be a smart investment.
How Much Will it Cost You to Join the PS5 Club?
Buying a PS5 will doubtless come with additional expenses. You’ll need a live subscription (about $60 per year), internet service (around $60 per month, on average), and games, which cost anywhere from $20 to $70 each. Games will make up the most significant expense – avid gamers will likely want to purchase a few at launch, which could add up. If you’re new to Playstations, you may need to purchase additional accessories such as second controllers, a charging station, or headphones, which all have varying costs.
It’s also worth noting that the PS5’s standard edition includes a 4k blu-ray player, which is absent in the digital-only model. This may impact your decision for purchasing the digital-only version. To help budget for these expenses, consider deciding to prioritize purchasing the console early on and buying games and other accessories gradually as you can afford them.
Breaking News: PS5’s Price Announcement Finally Revealed!
The September 16th PS5 event reveals the console’s pricing information, release date, and pre-order dates, sending social media alight. The PS5’s exact prices and release date information were revealed, and preorders went live the following day. The console’s price placement is quite competitive and is slightly cheaper than the Xbox Series X at $499.
There is a steep chance the PS5 could be the more popular console due to Sony’s excellent reputation for first-party games, such as Spiderman and Horizon: Forbidden West.
In terms of breaking news, the PS5’s launch event was somewhat limited, thanks to the impact of the Covid-19 pandemic; however, the event provided enough new information to get fans excited about the coming release.
The True Cost of Owning a PS5 and Gaming in 2020
With the new console release, gamers will face the decision of whether to upgrade or stick with their current console generation. For those in the market for a new console, a cost-benefit analysis is necessary.
A potential customer needs to gauge whether the latest console upgrade is necessary or whether it’s better to wait for a price drop or a bundle deal.
A comparison between Sony’s Playstation Plus (PS Plus) and PlayStation Now services will help gamers make a decision on a subscription. PS Plus is essential for online multiplayer, which is one of the most significant selling points of modern console gaming. PS Now is best for gamers looking for a Netflix style model of streaming games without committing to buying them. The best approach to selecting a subscription will depend mostly on your gaming habits and preferences.
A Comparison of PS5’s Price and Features to Its Competitors
The PS5’s price point is higher than the Xbox Series X, which is expected to be its direct competitor. While features are largely similar between the two consoles, the PS5 does have a few unique selling points that may make the added cost worth it for some gamers. The PS5 is touted for having exclusive games and being backwards compatible with many popular games from past Playstations, which the Xbox Series X will not be able to deliver. However, gaming trends show that gamers are likely to own multiple consoles, making it less of a direct competition between the systems and more of a question of how much you spend on gaming hardware overall.
When it comes to future gaming trends, gamers can expect to see Sony and Xbox continue introducing new exclusive titles, features, and technology, which have come to represent the next phase of gaming.
Tips and Tricks to Save on Your PS5 Purchase
If you’re on a budget but still want to purchase the PS5, you’re in luck. Online retailers like Amazon and Best Buy offer the console at different price points and, oftentimes, discounts. Something to bear in mind here: be careful to only purchase from reputable sources. Another tip is to consider purchasing the console in bundles, which can save you money in the long-run.
Aside from bundles and shopping discounts, another way to save on gaming costs is to download free-to-play games and stick to a reasonable gaming budget. The best approach is to research carefully and keep an eye out for deals in the months following the launch of the PS5.
Conclusion
Owning a PS5 is undoubtedly expensive, but with thoughtful budgeting, it can be a smart investment for avid gamers. Its innovative features, exclusive titles, and notable performance improvements make it a highly sought-after console.
By analyzing the PS5’s price, value, and added costs, we hope this article has helped you determine whether the console is worth the investment. Remember, you don’t have to buy all the games at once and can prioritize purchasing the console first before gradually expanding your gaming collection.
Whether you are eagerly waiting to get your hands on the PS5 or wanting a better understanding of the console’s cost, we encourage you to share your thoughts, opinions, and experiences with us in the comments section below.
