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The publication did not specify if the announcement would come via a digital event or a scheduled news drop, such as the one clarifying PS5’s compatibility with PS4 accessories published this week.
PlayStation has confirmed it will hold a new State of Play episode on Thursday, August 6. However, the live-streamed event will focus on PS4 titles and “a few PS5 game updates on third-party and indie titles.”
Head of Xbox Phil Spencer has suggested that Xbox will also publish its latest next-gen console news this month.
Media reports had previously indicated that Xbox would use an August event as the platform to announce its second next-gen console, codenamed Lockhart.
August could also fit within the traditional timeline for pricing and pre-order announcements, and align with a potential Lockhart reveal, since the console’s USP is likely to be its cheaper price.
Macquarie Capital analyst Damian Thong told Bloomberg he expects the standard PS5 console to cost around $500, and the digital version around $400.
Altogether, the analyst expects Sony to sell more than 6 million units by the end of March next year.
“I think the core of Sony PlayStation early-adopters will snap up the first several million units quickly,” he said. “With backward compatibility, their existing game library will work with the new console, so the new machine would be usable right away.”