Months of speculation and rumors have finally come to an end as Sony officially announced the PlayStation 5 Pro and its November 7, 2024 release date. Aside from questions surrounding what the technical improvements the PS5 Pro would be, the biggest question mark concerned its price, and now we know that it’ll cost $700 in the U.S. Just like the PS4 Pro before it, the PS5 Pro is a refreshed version of the original PS5 that came out in 2020 and features some technical improvements. But the $700 price tag has raised eyebrows and is the biggest point of contention many have with the console, myself included.