Former Xbox exec: 'no way' the PlayStation 5 costs over $499

No, the PlayStation 5 probably won't cost $499 -- but the Xbox Series X might.

@anthony256

Published Jun 18, 2020 11:33 PM CDT
Updated Nov 3, 2020 12:43 PM CST

40 seconds read time

There is a lot of discussion going on right now regarding the price of Sony's next-gen PlayStation 5 console -- will it be $399? Will it be $499? Could it cost $599?

Well, according to former Xbox executive Albert Penello, there is "no way" the PlayStation 5 will cost over $499. Penello tweeted out regarding the rumors of the PS5 being $600, where he said: "I believe in the saying "never say never". But I gotta say never. No way this console is over $499".

The latest on the price of the PlayStation 5 is from this leak, which points to a now-deleted listing on Amazon France. The listing teased a $499 price for the standard PlayStation 5, while the digital-only PS5 would be $399 -- both consoles launch November 20, 2020 according to this leak.

Former Xbox exec: 'no way' the PlayStation 5 costs over $499 02

PlayStation 4 Pro 1TB Console

	Today	Yesterday	7 days ago	30 days ago
	$188.98	$190.98	$194.39	$204.97	Buy
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NEWS SOURCE:tweaktown.com

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.