The PS5 Will Hit Stores on November 12th for $499.99
Sony has revealed that the PlayStation 5 will cost $499.99 when it releases on November 12th, with the $399.99 Digital Edition. Preorders will start on September 17th at “select retailers.”
The cost of the new console puts Sony squarely up against Microsoft’s next-gen consoles, with the company set to release its entry-level Xbox Series S at $299 and its flagship Xbox Series X for $499 on November 10th.
That November 12th release date will is for the US, Japan, Mexico, Australia, New Zealand, and South Korea, with the rest of the world getting the new next-gen console on November 19th. Sony also notes that it has yet to finalize a release date for China, which it’ll reveal at a later time.
The PlayStation 4 cost $399 at release, although it currently sells for $299, while the PlayStation 4 Pro originally sold for $399, a price it still sells today outside of major sales like Black Friday. It’s still not clear if Sony is planning to lower the prices or end the older models once the PlayStation 5 is out later this year.