Sony triggered a tornado of excitement and anticipation when its chief architect Mark Cerny announced in early 2019 that they are working on the successor of PS4 Slim and PS4 i.e., PS5, the next-generation PlayStation. As Sony took its sweet time releasing the official name and its tentative release window, we put on our detective glasses to find out PS5’s release date and the price tag it comes with!

PS5 will be releasing before Christmas, making the holidays actually merrier 

While Sony did officially confirm that it will be releasing the PS5 "in time for Holiday 2020" in the US, which puts it somewhere between October and December 2020, rumor is that the release date will be November 20, 2020, making this year’s Christmas extra perfect. Even though the date is yet to be confirmed, if PS5 does release in the tentative time frame, it will be clashing against Microsoft's Xbox Series X (formerly Xbox Project Scarlett) which is all set to release at the same time. 

PS5 is expected to launch at a price of $499

The price of PS5 is yet to be officially confirmed as per the official statement of the company. 

"What is not very clear or visible is because we are competing in the space, so it’s very difficult to discuss anything about the price at this point of time and depending upon the price level, we may have to determine the promotion that we are going to deploy and how much costs we are prepared to pay," explained Sony's chief financial officer Hiroki Totoki.

“First, we must absolutely control the labor cost, the personnel cost, it must be controlled, and the initial ramp-up, how much can we prepare initially, we will work on the production and the sales and we will have to prepare the right volume as we launch this," Totoki added.

But meanwhile, there have been several speculations about how much the PS5 could cost and it has been predicted that it will stand for around $499 in North America, which is only $100 more than the launch price of the PS4 and PS4 Pro. The chances of Sony going overboard with the price are very less, seeing that its competitor Microsoft made the mistake of making  Xbox Series X too expensive. 
PlayStation IN PHOTO: A Sony PlayStation video game logo is seen at the Electronic Entertainment Expo. REUTERS/Lucy Nicholson