Sony has made some great announcements this week! They’ve revealed that PlayStation 5 will release on 12^th November for the price of $499.99 –the Digital Edition is currently priced at $399.99. In addition to this, the preorders will start from September 17^th but only at select places.

Sony is going neck-to-neck against Microsoft’s next-gen consoles! The competitor has released its Xbox Series S for $299 and its flagship is priced at $499 – all set to release on the 10^th of November.

As mentioned above, only select retailers will be accepting preorders – hence, interested purchasers from Mexico, Australia, New Zealand, South Korea, Japan, and the US are in luck as they’ll get the consoles a couple of days before the rest of the world. Also, Sony hasn’t given any specific date for China and has said that the date is yet to be finalized.

Although PlayStation 4 was launched at the price of $399, it is now being sold for only $299. Similarly, PlayStation 4 Pro was released at the same price, but its Black Friday sales are (naturally) much cheaper! We’re not sure if the current prices will drop in the near future. 

PlayStation 5 is likely to include backwards compatibility as there’s an “overwhelming majority” that already exists of the PlayStation 4 lineup.

You can say that the starting price of the new PlayStation 5 is good; it is on the expensive side but not out of reach for the mainstream buyers. Who can forget when PlayStation 3 was positioned at $499 in the market? Exactly! It’s nice to see that Sony has learned from its mistake.