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PlayStation 5 is coming on November 12 for $500

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(Image credit: Sony)

One week after Microsoft (with some prodding) revealed the pricing on the upcoming Xbox Series S and X (opens in new tab) consoles—$300/£250 for the S, while the beefier X is $500/£450—Sony has announced that the PlayStation 5 will go for $500/£450/€500, while the digital edition—same console, but no Blu-ray drive—will weigh in at $400/£360/€400.

The PS5 will be released in North America, Japan, Mexico, Australia, New Zealand, and South Korea on November 12, while the rest of the world will have access one week later, on November 19.

We shared some thoughts on the hardware inside the PlayStation 5 when it was revealed earlier this year and found that it wasn't exactly overwhelming, but its proprietary SSD could be a "secret weapon (opens in new tab)" that helps balance the scales when compared to the new Xbox consoles, and even PCs that aren't equipped with one. Epic boss Tim Sweeney is also quite taken with the PS5's storage, calling it "god-tier (opens in new tab)" during an Unreal Engine 5 presentation in May. 

Preorders for the PlayStation 5 aren't live just yet (Update: Sony says preorders will go live "as early as" September 17), but you can put your name in for one of the "limited quantity" of systems that will be available for preordering at playstation.com (opens in new tab)

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Andy has been gaming on PCs from the very beginning, starting as a youngster with text adventures and primitive action games on a cassette-based TRS80. From there he graduated to the glory days of Sierra Online adventures and Microprose sims, ran a local BBS, learned how to build PCs, and developed a longstanding love of RPGs, immersive sims, and shooters. He began writing videogame news in 2007 for The Escapist and somehow managed to avoid getting fired until 2014, when he joined the storied ranks of PC Gamer. He covers all aspects of the industry, from new game announcements and patch notes to legal disputes, Twitch beefs, esports, and Henry Cavill. Lots of Henry Cavill.