Sony debuts new PlayStation for the vacations. This is how a lot it prices

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Sony mentioned the most recent model of its gaming console, the extremely anticipated PlayStation 5, will go on sale Nov. 12 within the U.S. for $500, matching the value on Microsoft’s upcoming Xbox Series X as the 2 firms put together to battle for market share this this vacation season.

Sony may also launch a digital version of the PS5 for $400, the Tokyo-based firm mentioned at a digital occasion Wednesday. That model doesn’t have a disc drive and requires clients to buy and obtain video games digitally.

Worth tends to be a major issue within the success of a online game console. Traditionally, the less-expensive methods sell more units, driving a rise in income from video games.

Console video games have been priced at $60 because the early 2000s, however that seems to be altering. Take-Two Interactive Software had beforehand introduced that the following entry in its NBA 2K sequence would retail for $70 on Xbox Collection X and PS5. In a weblog put up on Wednesday, Sony mentioned that the PS5 video games it develops and publishes will promote for between $50 and $70. The PS5 video games Demon’s Souls and Destruction All Stars, which is able to launch alongside the console, will each price $70.

Sony additionally introduced that Ultimate Fantasy XVI, the following entry within the well-liked role-playing recreation sequence, shall be a console unique for PlayStation, a major coup for the Japanese writer. The earlier recreation, Ultimate Fantasy XV, was launched for PlayStation and Xbox.

Different video games showcased for PlayStation 5 included Hogwarts Legacy, an open-world role-playing recreation based mostly on the Harry Potter franchise, and Spider-Man: Miles Morales, which shall be launched this fall alongside the console for $50. A bundle together with Miles Morales and a remastered model of the PlayStation 4’s Spider-Man will price $70. Sony additionally teased a sequel to the PlayStation 4’s God of Conflict to be launched in 2021.

Extra must-read tech coverage from Fortune:

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