'The Solution Is to Get Rid of Consoles': Analyst Predicts $1,000 PS6 and a Transition to Game Streaming 1

We’re about to live in a world where the cheapest PS5 will cost $599.99, up from its launch price of $399.99 five years ago.

The price of all consoles is rising, and it’s prompting predictions that the PS6 could cost as much as $1,000 if it releases next year.

That’s going to have a huge impact on the gaming industry at large, resulting in many players being priced out of the market.

Infamous Wedbush Securities analyst Michael Pachter believes the solution is simple: a transition to game streaming.

He said on the latest episode of Pachter Factor, after predicting a $1,000 price point for Sony’s next format:

“I believe the prices are going to keep going up, and I think the solution to that is to get rid of consoles and go to streaming games on your TV. Someone is gonna figure out how to play console games without a console, and we won’t care. I've been predicting the end of the console life cycle for more than 10 years.”

Sony, to its credit, already offers a very robust streaming solution. This allows you to beam games directly to your PS5 or PS Portal, and in the latter instance you don’t even need a console at all.

The experience overall is quite good, but there are inherent technological limitations, which introduce latency. Visual novels and turn-based RPGs perform excellently in a cloud streaming environment, but more twitchy experiences suffer.

However, we do have questions about the financial viability of all this, beyond the obvious gameplay drawbacks.

You currently need PS Plus Premium to stream your games, which is a significant added cost. That’s justified by the fact that Sony has to spool up instances of each game in order to provide the service, which seems costly to us.

Do companies really want to be running massive server farms, using their own electricity, to beam you your games? And do consumers want to pay a substantial subscription fee to stream their software?

At the end of the day, we think it’s good Sony continues to invest in this area, because we agree with Pachter it could be the future one day. But that still seems so far away to us.

Do you think the price of consoles will push players towards streaming?

[source youtube.com]