Does 1TB PS4 pricing suggest a price cut is coming for the 500GB model?

It looks as if the new 1TB PS4 will be priced the same as the current model – so does that mean Sony is going to cut the price of PS4 in line with Xbox One?

As spotted by Videogamer, both GAME and Amazon are listing the new console for 349.99, which is the current list price of the existing 500GB machine. ShopTo, meanwhile, is selling it for 339.85 while GameStop is taking pre-orders for just 289.97.

The numbers tend to suggest one of two possibilities – that the 1TB model is to replace the 500GB version entirely, or that Sony is preparing to lower the price of 500GB units.

There’s extra incentive for it to do the latter, of course, after Microsoft dropped the 500GB Xbox One to 299 earlier this month, with the new 1TB Xbox One claiming its former 349 price.

Remember, though, that both machines are routinely available for well under RRP in the UK.

MCV has contacted Sony for clarification.