Why Sony decided against a low-spec PS5
The next-generation console prices are now public, and we know that while the top-end PS5 and Xbox Series X will both cost $500, the two companies have different philosophies towards cheaper offerings. Microsoft has the $300 Xbox Series S, which offers lower specs for HD/2K gaming, while Sony is offering the same PS5 without a disk drive for $400.
But was Sony ever considering a Series S-style PS5 for gamers without 4K sets? Apparently, they were, according to PlayStation CEO Jim Ryan.
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https://www.tomsguide.com/news/ps5-digital-edition-or-xbox-series-s-sony-says-only-its-console-is-future-proof
