- The PS5 recently achieved 100 million sales ahead of its sixth anniversary on the market.
- Unlike past PlayStation consoles, the PS5 has done so without any permanent price cuts.
- Instead, the PS5’s price has only increased over time, with the Disc Edition now starting at $650.
The PS5 has been on the market for a full six years now, and Sony has confirmed that the console recently crossed a major milestone. Having sold over 100 million units ahead of GTA 6’s release, the PS5 is now ready for gaming’s biggest hit.
However, before this release arrives, the console has also done something no other PlayStation has achieved so far. The PS5 has become Sony’s first console ever to reach 100 million sales without a price cut.
Why it matters: Consoles typically receive major price cuts over their lifecycles as they become cheaper to produce. The PS5 has not followed this trend.
Although the PS5 is not the first Sony console to hit 100 million sales, the fact that it has done so in the current economy is perhaps more impressive than a typical sales milestone.
For starters, the PS5 immediately suffered from stock shortages and scalping, making it hard for gamers to obtain for at least the first full year of its lifecycle. Since then, the console has also seen multiple price hikes, now costing over $150 more than its launch MSRP for the Disc Edition.
For reference, a console like the PS4 launched at a price of $400 and was later discounted to $350 just two years later before eventually. In comparison, the PS5’s price has only gone up since its release.
Sony has discounted the PS5 from time to time during promotions, but consoles this generation haven’t seen a permanent price cut like they did in the past.
Because consumers have shown Sony that it doesn’t necessarily need to reduce prices in order to keep pace with past generations, the PS5 is unlikely to receive any meaningful price cuts in the future.
Moreover, ongoing memory shortages and inflated prices make it very challenging for Sony to maintain prices as they are in the first place.
What are your thoughts on the PS5 becoming more expensive over time? What do you think this means for the PS6’s launch price? Share in the comments below and on the Tech4Gamers Forums.
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[Senior News Reporter]
Avinash is currently pursuing a Business degree in Australia. For more than 5 years, he has been working as a gaming journalist, utilizing his writing skills and love for gaming to report on the latest updates in the industry. Avinash loves to play action games like Devil May Cry and has also been mentioned on highly regarded websites, such as IGN, GamesRadar, GameRant, Dualshockers, CBR, and Gamespot.
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