Sony and Microsoft are gradually releasing more and more information about their next consoles, but the price is still missing. We asked you how much you would be willing to pay for the Xbox Series X and PS5.
What was it about? After both Microsoft and Sony have now released the specs for the Xbox Series X and PS5, many players are waiting for the next important information: the price of the two next-gen consoles.
Both manufacturers have so far only given vague hints about their pricing strategy:
- Sony hinted that they would adjust the price of the PS5 to that of the competition
- The head of Xbox said he is very satisfied with the price of Series X
However, there is still no clear information. That’s why we asked you in a poll how much you would be willing to pay for each next-gen console.
A clear trend has emerged from the results.
This is how you voted: The survey ended on April 7. Each participant had up to 2 votes, one for the Xbox Series X and one for the PS5. A total of 1402 votes were cast for both consoles.
These are the results for the Xbox Series X price:
- Between €200 and €300: 12% (84 votes)
- Between €300 and €400: 15.86% (111 votes)
- Between €400 and €500: 42.86% (300 votes)
- Between €500 and €600: 21.71% (152 votes)
- Between €600 and €700: 4% (28 votes)
- More than €700: 3.57% (25 votes)
These are the results for the PS5 price:
- Between €200 and €300: 8.5% (59 votes)
- Between €300 and €400: 21.08% (148 votes)
- Between €400 and €500: 46.72% (328 votes)
- Between €500 and €600: 16.67% (117 votes)
- Between €600 and €700: 3.7% (26 votes)
- More than €700: 3.24% (24 votes)
Same Pain Threshold with Different Specs
Why is this interesting? The survey shows that most of you have a price pain threshold between €400 and €500. This price range received the majority of votes for the Xbox Series X at 42.86%, while it was even slightly more for the PS5 at 46.72%.
This is interesting because we now know that the consoles do not have the same specs. The next Xbox will be graphically a bit stronger than the PS5. However, this does not seem to be a reason for you to spend more money.
It is also noticeable that after the €500 threshold, the willingness to buy a new next-gen console drops significantly. While 21.71% of people are still willing to pay up to €600 for the Xbox Series X, only 16.67% would do so for the PS5.
Our reader Mapache provided an explanation for this:
€700 would be […] still too expensive. Not because it wouldn’t be justified by the technology, but because it would simply be too expensive for many players for a living room console.
For many of you, the decisive factor at the price pain threshold is therefore not the hardware involved, but your own wallet. It is not for nothing that a Twitter poll identified price as the most important factor for purchasing a console.
The manufacturers are probably aware of this as well, as it is not uncommon for consoles to be sold below value, as was the case with the PS3 (via Forbes.com). The goal is to create a broad user base. Therefore, it is quite possible that the next console generation will also fall within the price range that is comfortable for fans.
Based on the known specs of the consoles, we can, however, roughly calculate how much the Xbox Series X and PS5 would have cost as PCs.
