Piers Harding-Rolls of Ampere Analysis has claimed that the recession that’s expected to come out of the COVID-19 pandemic will impact PS5 and Xbox Series X ‘later in 2021.’
PS5 To Feel Recession In Late 2021
Both systems are slated to launch in holiday 2020, but the recession’s impact is not expected to be felt until about a year after release. Furthermore, Harding-Rolls expects the PS5 and Xbox Series X to retail for around $450-$500, and remains confident they’ll release in late 2020 barring any supply issues.
We believe it is inevitable that a recession will undermine sales to an extent, but that any impact will be more significantly felt later in 2021 once the initial early adopter launch surge ends.
As both new consoles will support backwards compatibility and most new third-party games over the next 18 months will also support the older generation of consoles, consumers impacted by a downturn may not feel the need to upgrade as early as they may have.
Sony is reportedly going to manufacturer fewer PS5 consoles in its first year in comparison to the PS4 due to its expected high price point.
Source: GI