We’re only a couple of days away from Sony’s next PlayStation 5 event. Hopefully, the company will announce prices for its upcoming next-gen console instead of focusing purely on games; the wait is indeed killing a lot of folks.

And apparently PlayStation may be killing it business-wise. Bloomberg sources are stating the company has reduced its previous PS5 forecast by 4 million, down to around 11 million for this fiscal year (March 2021). Why? It’s because of the console’s chipset shortage due to the pandemic. Production ran as low as 50 percent, and if there aren’t enough CPUs to put inside the PS5 cases, there won’t be more PS5s in time for the holidays.

How does that tie in with the headline? Well, there are predictions from experts like Bloomberg analyst Masahiro Wakasugi that this chip shortage, and COVID-19 conditions worldwide, might make the company change up their pricing for the better. Price targeting for the PS5 will be as low as US$450 for the disc driver version and US$400 or less for the digital version. This is going in line with Xbox’s next-gen competitive pricing which is US$499 for the Series X and US$299 for the Series X version.

The next-gen console pricings are getting pretty aggressive, in other words. Which one will you be getting first: the PS5 or Xbox Series X? Let us know!