I think many people forget that in February Totoki said a PS5 price cut wasn't a serious possibility anytime soon because the production costs for the first time didn't go down but up.
Their profit margin is already too small and the base PS5 having a price cut will obviously have an impact on that.
Perhaps a drop of 50 dollars on the base model is possible for the end of the year but given the declarations at the beginning of the year this could be complicated.
It seems difficult to imagine the same strategy as for the PS4 Pro which ended up with the same launch price as the PS4.
The base PS5 (non-disc SKU) launched at $400 in 2020. There is no way, none at all that the current PS5 refresh doesn't cost less than that to make today. In truth probably for a while now. That they still sell it at $400+, regardless of whatever they are saying, comes down to them simply knowing they can get away with it and that they are also Ok with the rate the platform is selling in currently.
Its not like they are going to come out and say that, "Hey, we can drop the price if we wanted, but we want to be making a profit on each box sold so we won't".
Now when looking at the cost of the PS5pro, we need to ask one simple question... how is it different from the OG PS5? And the simple answer to that is two fold, RAM and APU. They are using 16gbs RAM chips vs the 14Gbs used in the OG PS5 and using an APU that would be more expensive. These additional costs are not just some standalone price hikes, no, in fact, they are hikes on top the existing component budget. That is to say, it already will cost sony around $70-80 to make the current PS5 APU, the APU for the Pro would likely cost them just like $50 more. The cost hike for the RAM would be mostly negligible, as they are only using faster RAM and not increasing the quantity. For all we know that could be achieved simply by increasing the power/clocks of the RAM they are already using, but even if they were using different modules, that wouldn't add more than $30 to their RAM budget.
Not much else is changing. This means what we are looking at on top the BOM of a current PS5, is probably around $80-$100. Selling the console without a disc drive, means they can sell the thing for $500 and still be making a profit. When I see people say $599... I honestly wonder if they have ever given thought to what exactly, in a PS5pro, will make it cost $200 more than the base PS5. that is $200 in costs ON TOP of everything that is already in the PS5. It just doesn't make sense.