Same price, less storage. Shrinkflation at its finest.
Sony plans to release a new PS5 Slim All-Digital console with an 825GB SSD, reducing storage from the previous 1TB to optimize production costs amid rising expenses. The PS5 Slim Standard with a disc drive will retain the 1TB SSD, and the updated model is expected to launch in Europe first.
Sure, on already thin margins (I don’t remember if PS5 is sold at a loss, but Xbox is), multiplied by millions more units.
PS5 is supposedly no longer sold at a loss.
That said, the margin per console is probably not good enough for their required profit growth, hence this.