Sony to launch PlayStation 5 Pro on November 7

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The console would retail at $700 and 800 euros, a higher price than the current PlayStation 5. - Photo credit: PlayStation.Blog

Analysts say gaming enjoyed a huge boost in popularity during Covid lockdowns, attracting huge investment.

PARIS - Sony said Tuesday it would launch an upgraded version of its flagship games console PlayStation 5 Pro enhanced graphics and AI capabilities on November 7.

"Simply put it's the most powerful console we've ever built and a worthy edition to the PS5 family," Mark Cerny, PlayStation's lead architect, said in a video announcement.

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A caption at the end of a short message said the console would retail at $700 and 800 euros, a higher price than the current PlayStation 5.

Sony's gaming division has endured tough times this year with PlayStation 5 missing its sales targets and announcing 900 job cuts -- some eight per cent of its workforce.

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Analysts say gaming enjoyed a huge boost in popularity during Covid lockdowns, attracting huge investment.

But the money has largely dried up and gaming firms are struggling.

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Analyst Daniel Ahmad of Niko Partners pointed out that Sony had already tried to boost sales of its previous console by releasing a pro version in 2016.

But the PlayStation 4 Pro had limited impact, Ahmad wrote on X, because the pro version was "a premium product tailored for a niche audience".

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"What will really drive PS5 sales is a lower price on the base models (and games like GTA6)," he wrote, referring to the forthcoming "Grand Theft Auto" sequel. - AFP