In an investor call, Sadahiko Hayakawa, Sony’s general manager of finance, said the company expects to sell 18 million PS5s by the end of the year, less than the near-22 million sold in 2023. Hayakawa noted that in the second half of the 4-year-old console’s generation, they expect PS5 unit sales to “gradually decline.”

Sony's new PS5 Pro lacks a vertical stand and a disc drive, unlike the PS5 Slim Standard model that retails for $499. If you were to add a vertical stand and a disc drive to the PS5 Pro to fairly compare it to the PS5 Slim Standard, its price jumps up to $810 — over $300 more than the PS5 Slim Standard.