Gaming fans have been rightfully getting excited about the future of gaming ever since the PlayStation 5 unveil event took place last week.
With its slick design and look and a seven-year wait since the PS4 was released, gamers have been debating how much it is going to be to get their hands on a new machine.
PlayStation have refused to be drawn on how much the new console is going to cost, but CEO Jim Ryan has said that the company will be focusing on “value as opposed to price.”
When asked whether it was a good idea to release a new console amid an anticipated global recession, Ryan doubled down on his view.
"Conventional wisdom and history show that our business is one of the more recession-proof businesses," Ryan told the BBC.
"But I think this will sharpen our need to ensure that we focus on getting the value equation right. And I emphasise value as opposed to price.
"We must be more attentive than ever before to ensure that the overall value proposition in terms of the console and the games - the range of games, the quality of games, the quantity of games - makes this something that our community aspires towards.
"You're not going to hear anything on price today," Ryan added, talking about the potential price difference between the standard and digital editions.
"But many of our consumers are purchasing solely digitally these days. We thought that we would do what we typically try and do, and just offer choice."
Interestingly, the console will come in two different designs, one that supports discs and one without.
No dates have been released for the launch yet, but hopefully gaming fans will be able to get their hands on the new console before the end of the year.
- PS5 will be a lot quieter than the PS4
- Fan notices incredible detail on the PS5 controller
- PS5 will be over a foot tall