The PS5 could drop to a price below the Xbox Series X.

This is according to a new Bloomberg report, which cites unnamed sources and calls in experts to comment on the details.

The Bloomberg report also states that Sony has reduced its estimate for PS5 production from 15 million units to 11 million units, which Bloomberg's unnamed source says is due to "production problems with the system-on-chip custom designed for the new game console. The source said this was due to "production problems with a system-on-chip custom-designed for the new game console. Apparently, at one point during production, only 50% of the components produced were actually usable, but this figure has since risen.

However, shortly after Bloomberg's report was published, Sony contacted Gamesindustry.biz and issued a statement saying that the information published by the media was incorrect.

"While we do not disclose manufacturing details, the information provided by Bloomberg is incorrect," Sony wrote in the statement. [Sony and Microsoft consoles share common features, including the same RDNA 2 graphics technology, but we have no information that Microsoft is having production problems. As a result, console gamers looking to upgrade may find themselves without a PS5 console and purchase a next-generation Xbox instead.

In more positive news, Bloomberg Intelligence analyst Masahiro Wakasugi claims that Sony may be able to compete with the Xbox Series X's price of $499 by lowering the price of the PS5 to $449 (under $400 for the Digital Edition He claims that the Xbox Series S is a lower-specification system, offering fast loading and ray tracing, but output is limited to 1440p.

Game consoles are usually sold at a loss, with the Nintendo Wii being the only notable exception in recent memory. This is because it encourages users to purchase the console, while the manufacturer gets its money back by selling games. Therefore, Sony can afford to be very flexible in its pricing, especially now that it knows the Xbox's two-pronged strategy.

According to a report based on a list of Spanish retailers, the PS5 is priced at €499 for the standard version and €399 for the digital version. These figures are similar to Wakasugi's opinion, so perhaps there is more to this rumor than expert opinion.

Today (September 16) is Sony's big PS5 showcase day, and along with the announcement of the new games, we hope that the price and availability of the new console will be announced. If that happens, it won't be long before the new PlayStation and the new Xbox battle it out in November.