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For people choosing between the PlayStation 5 and Xbox Series X next-gen consoles, the most important factor is price (SNE, MSFT)

For people choosing between the PlayStation 5 and Xbox Series X next-gen consoles, the most important factor is price (SNE, MSFT)
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This holiday, the next-generation Sony PlayStation and Microsoft Xbox video game consoles are scheduled to arrive.




Sony's PlayStation 5 and Microsoft's Xbox Series X are largely known quantities at this point, except for one crucial detail: price.




The PlayStation 5 could cost nearly $500, sources within the company told Bloomberg, due to manufacturing costs and parts. The Xbox Series X could be similarly priced.




The decision is a crucial one: Price of the new consoles is the most important factor in choosing one over the other, according to a recent survey with over 50,000 participants.




Visit Business Insider's homepage for more stories.



Next-generation video game consoles from Sony and Microsoft — the PlayStation 5 and Xbox Series X, respectively — are scheduled to arrive this holiday season.
Though much is known about each console, there's still one major question: How much will the two new consoles cost?
Neither company has said as much officially, but Sony's PlayStation 5 has a potential price tag: At least $470, and maybe more, according to sources within Sony speaking to Bloomberg. The Xbox Series X, from Microsoft, could be similarly priced — in terms of horsepower, the two consoles are remarkably similar on paper.
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