Sony has told us nearly everything conceivable about its next-generation video game console, the PlayStation 5. We know its launch games lineup, including the highly anticipated superhero sequel Spider-Man: Miles Morales. We know the devices have a futuristic vibe to them, with curved sides that could look right at home next to a Star Trek starship. We even know the controller has special trigger buttons that give us feedback to make the objects we interact with in the game world feel like they’re here, in our hands.

The only things we don’t know are what it will cost and when it will hit store shelves. 

Until now. The company announced it’ll charge $399.99 for its “digital edition” without a disc drive, and $499.99 for its version with one. Sony’s said both consoles are otherwise have the same chips and other hardware inside. The device will launch Nov. 12 in the US, Japan, Canada, Mexico, Australia, New Zealand and South Kore, and Nov. 19 in the rest of the world.

Sony began its event discussing high profile games Marvel’s Spider-Man: Miles Morales and Final Fantasy 16, both of which will be exclusive to the PlayStation. Spider-Man will be launching with the console in time for the 2020 holiday shopping season, while Sony didn’t say when Final Fantasy 16 will launch. 

The company also showed off Resident Evil 8: Village, a new installment in the popular horror franchise.


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PlayStation 5 vs. Xbox Series X: Testing specs inside…

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Now with the release date and price announced, both Sony and Microsoft’s upcoming consoles mark a key moment for the video game industry, transitioning to new devices that promise faster chips and new features to make games all that much more complex or realistic-looking.

Somehow, Sony and Microsoft have made it comically long into their preparations for their dueling next-gen consoles without telling us fundamentals like price and release date. At the beginning of the year, all we knew was that the devices would launch by the holiday shopping season.

The missing information became sort of an inside joke whenever I’d talk to Sony and Microsoft’s teams. I’d work the question in as often as I could, reminding them I have to ask — and them acknowledging that of course I’d ask. PlayStation head Jim Ryan and Xbox head Phil Spencer got the question too. 

The lack of information became a meme within the game community, where rumors sprouted that Microsoft and Sony were playing a game of chicken, seeing who’d blink first and announce their price at risk of the other adjusting their price to beat it. For what it’s worth, both companies repeatedly denied that.

But after a series of leaks about Microsoft’s entry-level Xbox Series S that’ll launch alongside its more powerful Xbox Series X, the company said they’d cost $299 and $499, respectively, and launch Nov. 10. They’ll also be available on a payment plan of $25 per month and $35 per month, including access to a bundle of the company’s gaming social network and other subscription services.

Sony hasn’t said it’ll announce its launch date and price at Wednesday’s event, but it’s a fair bet at this point.

How to watch online

Sony will be streaming the event live on its official site here, but you can expect Sony to also host that livestream on its YouTube channel and its Twitch channel.

We’ve also embedded the livestream at the top of this page, so you’ll be able to watch the PS5 showcase event right here.

What to expect

Considering Microsoft laid all its cards on the table regarding the Xbox Series X and the Xbox Series S, you’d have to assume Sony will provide a price and release date for the PS5 and the PS5 Digital Edition. We’re getting close to the holiday season, so it’d be helpful to know how much the consoles will cost and when they’ll actually arrive on store shelves.

We can also expect to see more footage of games shown in previous PS5 livestream events. Hopefully that means more Horizon Forbidden West and Marvel’s Spider-Man: Miles Morales. We might even get to see more of that juicy Demon’s Souls remake. 

Rumors are also swirling that we could see the next installment in the Final Fantasy series. 

What Sony showed

Final Fantasy 16, no launch date announced.

Spider-Man: Miles Morales, coming holiday 2020.

Hogwarts Legacy, coming 2021.

Call of Duty: Cold War, coming holiday 2020.

Resident Evil 8: Village, coming 2021.

Deathloop, coming 2021.

Devil May Cry 5: Special Edition,  

Oddworld: Soulstorm, coming holiday 2020.

Five Nights at Freddy’s: Security Breach, no launch date.

Demon’s Souls, no launch date.

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