PlayStation 5 Will Cost $499 and Launches November 12th In Select Markets

Rounding out the PlayStation 5 showcase, Sony finally announced the pricing for its full and digital-only version of the upcoming PlayStation 5. Priced at $499 and $399 respectively, Sony's consoles will hit the US, Canada, Mexico, Japan, Australia, New Zealand and South Korea on November 12th, while the rest of the world will be waiting till November 19th.

This news comes on the heels of Microsoft finally announcing their pricing and release strategy for their competing system, coming November 10th. The pricing on the PS5 Digital Edition is higher than Microsoft's Xbox Series S, $399 and $299 respectively, but given the PS5 Digital Edition is the same as the base PS5 model without the Blu-Ray drive, it makes some sense, while the Xbox Series S is a less powerful version of the Series X.

Nothing has been stated as far as preorders for the PlayStation 5, though the company has stated that the console might be in short supply with launch. A few weeks back Sony invited fans to sign up to be notified about pre-order timing once it became available.

[Update: 2:11 PST]  According to a Tweet by Geoff Keighly, PlayStation 5 preorders will be available starting tomorrow.