PlayStation 5 cost has been predicted by technology experts

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The PlayStation 5 was shown to the world for the very first time on Thursday night.

Gamers have been waiting for key information on the new console for months now and the fact it was due for release in the 2020 holiday period was one of few tidbits to reach the public domain.

However, there are revelations aplenty for gamers to sink their teeth into after PlayStation hosted a video conference that was watched by millions of people across the world.

The new controller was revealed to feature haptic feedback, adaptive triggers, motion sensors, a built-in microphone, an integrated speaker, a headset jack and USB port.

The console itself was then explained to facilitate 4k Ultra HD Blu-Ray, posses an Ultra-High Speed SSD and ray tracing as well as sporting a slick-looking design in black and white.

PlayStation 5 unveiled

Aside from memes comparing it to Dubai hotels and pretentious university art blocks, the general consensus seems to be a positive one and we can expect the PS5 to fly off the shelves.

But with the official release of the console still some way away, there are a number of details that are yet to be disclosed and will likely filter out to potential buyers in the coming months.

And excuse us if we're wrong, but one of the biggest question on gamers' mind is: how much will the PlayStation 5 actually cost?

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Predicted cost revealed

Besides, it's all well and good learning about the fantastic new features of Sony's new release, but you've got to know how much it's going to set you back when it finally comes out.

While the official price hasn't been revealed by PlayStation yet, it seems as though we can already get a pretty good idea about the cost by looking at forecasts from technology analysts.

Techradar.com revealed that analysts are predicting a price of $499 / £449 / AU$749.

It's important to note this would be the price of a standard console and there are currently no significant predictions for the PS5 Digital Edition that was unveiled on Thursday night.

As for the original price, though, there's no denying that it will tear a rather large hole in people's wallets when the festive season comes around and apologies if it takes some of the excitement away. 

But it's sadly to be expected when you consider the generational rise that's being touted by Sony in the wake of its release. 

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Official price still unknown

That, and the COVID-19 pandemic will reportedly force Sony to produce fewer first units.

Sony Interactive Entertainment's president and CEO Jim Ryan said of the price earlier this year: "I think the best way that we can address this is by providing the best possible value proposition that we can.

"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."

In other words, anything other than the predicted £449 is something to be celebrated, gamers.

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