https://wccftech.com/xbox-series-x-and-ps5-price-500/

The prices of both the Xbox Series X and PS5 are expected to be $500 USD when the console's launch later this year, according to industry analysts.

A new report from Bloomberg claims that Sony is struggling with the next-gen console’s pricing due to its components being rather scarce. According to the publication, manufacturing costs of the PS5 have been pushed to around $450 per unit, suggesting that the console’s retail price should be at least $470 to have a similar gross margin. Since Sony is currently selling its most powerful console, the PS4 Pro, at $399 or less, this will be a steep price for many consumers.