How Much Does It Really Cost to Own a PlayStation 5?

By Alex Elliott Sep19,2023
PlayStation 5

Owning a PlayStation 5 requires an initial financial investment, but it also provides tremendous value in terms of gaming experiences and entertainment. By carefully considering your budget, assessing your gaming needs, and being mindful of cost-saving opportunities, you can embark on your PS5 journey with confidence and ensure that it’s a worthwhile investment in your passion for video games.

It’s important to remember that the PS5 price tag doesn’t include everything you’ll need to enjoy it. For example, to get the most out of your console, you’ll need a 4K TV that offers HDR and a high refresh rate. Depending on the model you choose, this could cost you hundreds of dollars. Additionally, the PS5 doesn’t come with a web browser, so you’ll need to purchase one separately.

In addition to the hardware, you’ll also need to consider the cost of accessories and other essentials like controllers. For instance, a standard DualShock 4 controller will set you back $50, while the Pro version costs $60. Meanwhile, the PlayStation VR headset is another must-have for immersive gaming. Its cost is currently around $299, but you may be able to find a deal online or at a retailer that offers a bundle with the console and the VR attachment.

The cost of games is another big factor that can add up quickly. If you’re a big gamer, you might want to consider purchasing a PlayStation Plus membership. This subscription service offers a wide range of benefits and features, including online gaming, exclusive discounts, and access to a massive library of games.

However, a PlayStation Plus membership can be expensive, especially if you play a lot of multiplayer games. To reduce your gaming expenses, you can opt for a cheaper alternative like Xbox Live Gold.

According to a recent Bloomberg report, the PS5 costs Sony about $450 to produce. The higher prices for memory components like DRAM and NAND have pushed the price up. These are essential parts for many modern devices, such as PCs, tablets, and smartphones.

Unfortunately, the increased demand for the PS5 has led to some shady practices. In some cases, you’ll see people selling consoles at inflated prices. While this has been the case for long-time products like sports team tickets and designer shoes, it’s become more common with consoles, especially since the PS5 was released.

In order to avoid paying inflated prices for the PS5, be sure to shop around and compare prices. Keep in mind that sales, special offers, and promotions can all make a difference in the final cost of your console and accessories. Also, be sure to take into account regional pricing and local taxes. Lastly, be on the lookout for bundles and limited-time discounts. By shopping smart, you can cut down on your PS5 purchase costs and make your gaming experience even more enjoyable.

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