PS5 Standard Edition price: How much will the normal PS5 cost?

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After the PS5 reveal event finally showed us what the new console looks like, fans of the PlayStation are now waiting to see how much it will cost to buy the console at launch.

While Microsoft is yet to reveal the price for their Xbox Series X console, industry insiders have speculated they might be holding out until Sony reveal the price of the PS5 so they can undercut it.

READ MORE:PS5 games: All the games announced for the PS5

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Here's all we know about the price of the PS5 Standard Edition.

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How much will the PS5 Standard Edition cost in the UK?

The original PlayStation and PS2 hit the shelves at £299, with the PS3 at £425 and PS4 at £350.

READ MORE: Everything you need to know about the PS5

We expect a standard edition PS5 UK price of around £450 – although we’ll have to wait and see – contrary to some early claims it could be cheaper than the PS4. The Digital Edition may come in around £50 cheaper.

How much will the Standard Edition Cost in the US?

The first two PlayStations were around $299, with the PS3 at $499 and the PS4 at $399.

Again, we’d be looking at roughly $499 for the PS5 price in the US. Pretty hefty, but likely well worth it.

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When will Sony release the official price?

While Sony did not announce the price at the latest State of Play event, we expect that they will reveal the price alongside the release date later this summer.

Given how crucial pre-orders are to the initial success of a console, we don't think Sony will want to wait too long to reveal how much this will cost consumers.

With both the PS5 Standard Edition and the PS5 Digital Edition now having official Amazon product pages - and you can click either of those links to go to them - the arrival of next-gen tech is starting to seem real.

READ MORE: The best cheap PS4 accessories in 2020