I doubt it has to do with that, but we won't know until we have a breakdown of parts and costs.
Thing is inflation is real. TSMC is a monopoly. They raised the prices of the base ps5 the other year in Europe and other regions, in normal times the ps5 would of gotten price drops. It should be 399 at least by now for the disc version.
My fear is not for the pro, its not needed, a luxury. My concern is for the ps6. As there isn't many games that even push the base ps5 as it is. We just got one Astrobot , but its more everything than just visuals and it runs great.
If the ps5 pro is this much, how much will the ps6 be? it will be more advanced so it will cost even more. The ps5 cost more than the ps4 pro, so expect the ps6 to be $700+ Which would put many of us, myself included out of the market. PS5 would be my last Sony console at that cost. They have to know this. Problem is because of TSMC, they maybe stuck, without doing a Nintendo and beefing up other parts for next gen instead.
Maybe if there is some chip competition, but no one is stepping up.
They really shouldn't of released the pro, imo, its not needed. We don't have the games for it.
Now say the bill of parts is low and they are inflating the price. Some may say lack of competition from xbox, and that would possibly be a factor, if true, but there is another piece of this equation. Scalpers and people who couldn't wait. They showed Sony that they would buy a ps5 base for $1000 scalped. They showed them that they would spend 2k on a graphics card, many in this here forum. People were idiots, they sent the message that they will buy no matter the cost. That is also partly why graphics cards are the price they are. They know they have the demand. Without that demand they would have to make lesser costing devices or find another way.
Also if xbox had a "pro" model, you really think it too wouldn't be $600-700? They would have to deal with tsmc too (who have raised prices). Probably why they didn't make one yet.