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.
In addition to what others have said about Moore’s Law slowing down, there’s also just the fact that console generations themselves are slower. The cheapest price cuts on old consoles were fire sale prices to clear out old stock when they were on their way out. Even though the PS5 has been on the market for about as long, it still feels like the generation is only beginning, we won’t be talking about PS6 for a long time yet.