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PlayStation 5 price and release date revealed

By Christian Imperio Published Sep 17, 2020 12:00 pm Updated Sep 17, 2020 12:15 am

Sony has finally revealed the price and release date of its highly-awaited next generation console.

During its PlayStation 5 showcase today, Sony announced that the standard disc edition of its next generation console is priced at $499.99 while its all digital sibling will cost $399.99. Sony's PlayStation 5 will hit store shelves in US, Japan, Canada, Australia, New Zealand and South Korea on November 12 while the rest of the world will have to wait until November 19. Pre-orders will begin tomorrow.

The announcement was made after Microsoft revealed last week the price point and release date of the Xbox Series X and also confirmed the existence of the long-rumoured Xbox Series S. Microsoft's more potent next-gen console has a price tag of $499 while the digital trim will cost $299.

The showcase also gave fans an extended look at the gameplay of Marvel’s Spider-Man: Miles Morales, Call of Duty: Black Ops Cold War, Resident Evil Village, Deathloop, Devil May Cry 5 Special Edition, Oddworld Soulstorm, Demon’s Souls, and Fortnite. Some of the upcoming next-gen games announced during the showcase were Final Fantasy XVI, Hogwarts Legacy, Five Nights at Freddy’s and God of War: Ragnarok.

Meanwhile, Sony denied a report by Bloomberg claiming that the company has cut its PlayStation 5 production by 4 million.

While we do not release details related to manufacturing, the information provided by Bloomberg is false," a statement sent to Gameindustry.biz reads. "We have not changed the production number for PlayStation 5 since the start of mass production."

Bloomberg previously reported that the Tokyo-based electronics company is scaling-back the production of its next-gen console from 15 million to just 11 million for the next six months or until March 31, 2021 due to the next-gen console’s custom designed system-on-chip.

Citing sources familiar with the matter, Bloomberg said that the reason behind the reduced production is related to the next-gen console’s chipset, which affected the company’s ability to produce “as many consoles as it wishes.” However, sources said that “yields have been gradually improving but have yet to reach a stable level.”

Check out the entire showcase here: