Jim Ryan: PS5 Price Will Reflect Its Value, Won’t Necessarily be the Lowest

Jim Ryan: PS5 Price Will Reflect Its Value, Won’t Necessarily be the Lowest

With the PlayStation 5 set to launch this holiday, Sony says the price will reflect its value rather than making it the cheapest price.

In an interview with Gamesindustry.biz, Sony’s Jim Ryan says the PlayStation 5’s price will reflect its value rather than making it the cheapest price.

“I think the best way that we can address this is by providing the best possible value proposition that we can,” says Ryan. “I don’t necessarily mean lowest price. Value is a combination of many things. In our area it means games, it means number of games, depth of games, breadth of games, quality of games, price of games… all of these things and how they avail themselves of the feature set of the platform.”

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Ryan also goes on to talk about how they don’t have plans to make first-party titles cross-platform across the PlayStation 4 and 5. Additionally, Sony is implementing new guidelines on July 13 that say new PlayStation 4 games need to be compatible with the PlayStation 5.

“Recent history has told us that gaming is one of the pastimes, and one of the businesses, that benefits in economically difficult times,” continues Ryan. “It’s quite logical, people don’t have the money to go out so they stay at home. Now, who knows how this recession is going to look, how deep it will be and how long it will last. It could be that the historic templates, the historic models, that have applied in the past may not apply in the future.”

As we get more news about the console and price, PlayStation has announced an hour-long event on June 4 where they’ll show off gameplay of just some games coming to the platform. This event follows Xbox’s latest Inside Xbox stream that showed off “gameplay” of titles like Dirt 5 and Assassin’s Creed: Valhalla.

While we wait for the PlayStation 5 to launch this holiday, we can look forward to The Last of Us Part II launching on June 19 and Ghost of Tsushima launching on July 17, exclusively on the PlayStation 4. You can watch the latest State of Play stream where we get a better look at The Last of Us Part II.

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