https://wccftech.com/ps5-price-was-decided-in-early-2020-pre-lockdown-and-never-changed-big-games-will-come-earlier/

The PS5 price of $399 for the Digital Edition and $499 for the 'Blu-ray Edition' certainly helped in making Sony's next-generation console launch the greatest yet in terms of sales.

In an interview with EDGE (January 2021, issue 352), Sony Interactive Entertainment president and CEO Jim Ryan revealed that the PS5 price was decided before COVID lockdowns and never changed at all.