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The PlayStation 5 and Xbox Series X should launch in late November., but we still do not know the price of either of the two consoles. With the massive technical improvements that each next-gen console brings, these systems may be the most expensive new gaming platforms in more than a decade. The results of a new survey conducted by Reverse shows that the vast majority of gamers agree on what the upper limit they are willing to spend on a new console is.
Reverse surveyed 483 readers about their thoughts and preferences toward next-gen consoles. In one question, we asked, “How much are you willing to spend on a next-gen console?” Options included “keep my old hardware until the price drops”, $ 400, $ 500, $ 600, and “the sky’s the limit.” Of that survey, exactly 350 people said they were willing to spend $ 500 or more on PS5 and Xbox Series X, which is about 72 percent of all respondents.
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More specifically, 208 people (43.1 percent) responded that they would spend up to $ 500 on next-gen consoles. 87 readers (18 percent) agreed with a price of $ 600 and 55 people (11.4 percent) said they were willing to pay even more. Overall, this means that 72.5 percent of people Reverse Respondents would find the price acceptable if the PS5 and Xbox Series X were more expensive at launch than the PlayStation 4 when it launched in 2013.
Still, some folks aren’t that keen on consoles getting this expensive, especially when considering the poor state of the current economy. 84 readers (17.4 percent) said they weren’t willing to pay more than $ 400, while 49 respondents (10.1 percent) said they plan to keep their PS4 or Xbox One until the price of the consoles. next-generation is down at some point in the future.
We knew the prices of the PS4 and Xbox One about five months before their launch, so it seems a bit unusual that we still do not know the prices of the next generation consoles. Both Sony and Microsoft probably intend to lower the other in terms of prices, we have had to wait longer than usual to know the prices and availability of the consoles.
the Reverse Analysis – This survey shows that the vast majority of gamers surveyed won’t mind paying $ 500 for next-gen consoles, but nearly 30 percent would agree that the price is even higher. Many analysts predict that the PS5 and Xbox Series X will sell fewer units initially due to the recession caused by the Covid-19 pandemic, and previous surveys have shown how much price matters to gamers.
Despite that, it seems that the majority of gamers and hardcore readers of Reverse they are fine with somewhat higher prices. Specifically, $ 500 seems to be the sweet spot where both consoles could be priced without being deemed too expensive.
Both Sony and Microsoft also plan to offer a cheaper, digital-only version of their console with the PS5 Digital Edition and the leaked Xbox Series S. As such, it appears that at least some version of each next-gen console should end at or under $ 500, which will be more attractive to the casual consumer.
For now, we just have to play the waiting game until the PS5 and Xbox Series X price is revealed.
PS5 and Xbox Series X will reportedly be released in November 2020.
