Next-gen game consoles from Sony and Microsoft can't cost over $400 - Business Insider

The price of the PlayStation 5 may top $450, and that could cost Sony the next major battle with Xbox in the console wars

This holiday, the next-generation Sony PlayStation and Microsoft Xbox video game consoles are scheduled to arrive.

Next-generation video game consoles from Sony and Microsoft — the PlayStation 5 and Xbox Series X, respectively — are scheduled to arrive this holiday season., there's still one major question: How much will the two new consoles cost? Sony launched the PlayStation 3 in 2006 with a base price of $500 and a premium version that cost $600.The Japanese consumer electronics giant was riding high on the landmark success of its prior console, and set the price of its new PlayStation higher than ever before: The base model would cost $500, and a premium model with more storage would cost $600.

The PlayStation 3's reception looked especially bad by comparison with the competition: Nintendo's Wii was at peak popularity, and Microsoft's Xbox 360 was a runaway successin the wake of the so-called "Red Ring of Death" scandal. The peripheral, which started life on the previous generation Xbox 360 consoles and found massive success as a standalone device, was upgraded for the Xbox One and included with every console. Microsoft envisioned a future where Xbox One owners would use Kinect to turn on their consoles with their voice, then play games using the motion camera.

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