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Sony’s new $500 PlayStation 5 will launch Nov. 12
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Sony’s new $500 PlayStation 5 will launch Nov. 12

Sony’s upcoming PlayStation 5 video game console will cost $500 and launch Nov.

Culture & Entertainment

Sony’s upcoming PlayStation 5 video game console will cost $500 and launch Nov. 12, the company said Wednesday, setting up a holiday battle with Microsoft’s Xbox Series X over whose new console will turn up under more trees this year.

Video game fans have been chomping at the bit for the new consoles, and not just because they’ve been stuck inside since March. The roughly 7-year life cycle of a video game console has been nearing an end. Both predecessor consoles, the Xbox One and the PlayStation 4, launched in 2013.

The new consoles promise faster load times, souped up graphics and new games. Sony’s console is also more expensive this time around; the PS4 launched for $400 in 2013.

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Sony’s PS5 will come in two different models — a standard version with an Ultra HD Blu-ray disc drive for $500, and a digital-oriented version with no disk drive that costs $400. While you can still buy games on optical disks, it’s increasingly common for gamers to download them in digital form instead.

The U.S., Japan, Mexico, Australia, New Zealand and South Korea will see the console on Nov. 12; everywhere else will get it a week later.