https://wccftech.com/no-way-the-playstation-5-499/ > The PlayStation 5 is not going to cost over $499, according to former Xbox Executive Albert Penello. > Commenting on a PlayStation 5 price rumor, the former Xbox exec said that, while he believes in the saying "never say never", the console is never going to cost more than $499. This is definitely reassuring, as Penello has worked for years in the industry and he surely knows a thing or two regarding console pricing.