PlayStation 5 will cost $499, Digital Edition comes in at $399

As many expected, Sony finally announced the pricing details of its upcoming next-gen PlayStation console duo today during its latest showcase event, and it is fairly aggressive. The PlayStation 5 comes in at $499.99 while the PlayStation 5 Digital Edition will be available for $399.99.

As for release dates, those residing in the US, Japan, Canada, Mexico, Australia, New Zealand, and South Korea can get their hands on the consoles on November 12, while the rest of the world will see them reach their regions on November 19.

The Pre-order availability date was not announced today, though those who managed to claim a spot on the recent pre-order registration list of Sony will get to order a console and accessories of their choice before everyone else.

On the other side of the fence, Microsoft is offering its 4K targetting Xbox Series X next-gen console for $499 while the 1440p targetting Xbox Series S will be available for $299. Sony is neatly sliding in the Digital Edition to the price gap between Microsoft's offerings. Moreover, unlike the Microsoft consoles, the PlayStation 5 variants do not have any differences when it comes to the internals, with only the Blu-ray disc drive being removed on the Digital Edition, and it promises 4K gaming on both.

There were reports of Sony having PlayStation 5 production issues related to lower than expected yields for the console's SoC. However, in a statement, the company denied the report, saying the 15 million units' target has not changed.

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