PlayStation 5 Rumored to Launch in 2020 for $500

Latest rumors suggest that the PlayStation 5 may cost $100 more than its predecessor at launch next year. That's according to a , which claims the device will be launched in 2020 for $500.

The post apparently comes from an Europe-based game developer, who claimed to be privy to a ton of inside information about the upcoming device.

According to the post, the PS5 will be backwards compatible, pack a 2TB built-in hard drive and support 8K upscaling. It will also, apparently, be compatible with the PlayStation VR headset, offer a new premium version of PlayStation Plus, and come with a new DualShock 5controller with a built-in camera.