PlayStation 5 pre-order announced with "eye-watering" price

A Swedish retailer has listed the upcoming PlayStation 5 on its website for pre-order and customers are describing the listed price as "eye-watering" and a "heart attack".

Swedish customers can pre-order the newest PlayStation model from Media Markt for 9999 Swedish Krona, or about NZ$1580.

This price is a lot higher than the price of any gaming console ever.

Sony has a history of expensive pre-order prices on its consoles. In 2007, the PlayStation 3 made headlines because of its expensive launch price, retailing in New Zealand for NZ$1200 for the 60GB model.

By comparison, six years later, the brand launched the PlayStation 4 in New Zealand for NZ$650.

According to the Media Markt website, the price is a placeholder only and subject to change.

Experts believe the console will launch at a more affordable NZ$610.

The PlayStation 5 will feature a custom SSD and a 7nm Zen 2 eight-core CPU based on AMD's Ryzen chips. It'll also include a custom GPU based on the Radeon's Navi chips and 8K resolution.

It's scheduled to be out in late 2020.

This article was first published on nzherald.co.nz and is republished here with permission