PlayStation 5 launches Nov. 12 for $499

The PlayStation 5 will cost $499 for the standard version of Sony’s next-gen console and $399 for the PS5 Digital Edition — the system without an optical disc drive — when it launches Nov. 12, Sony Interactive Entertainment announced Wednesday during its PlayStation 5 Showcase livestream.

The Nov. 12 release date is for the consoles’ launches in the U.S., Canada, Mexico, Australia, New Zealand, and South Korea. They’ll become available on Nov. 19 for the rest of the world, Sony said.

Image: Sony Interactive Entertainment

Sony’s PS5 price announcement follows similar news from Microsoft, which announced the release date of its $499 Xbox Series X and $299 Xbox Series S earlier in September.

Here’s how that PS5 pricing compares to previous generations. Sony launched the PlayStation 4 at $399 back in 2013. That price point was much more palatable to consumers than the (infamously high) price of its predecessor, the PlayStation 3, which launched with models priced at $499 and $599. Prior to those platforms, Sony launched the original PlayStation and PlayStation 2 at $299.

Sony has been slowly rolling out details about the PlayStation 5 since the console was first detailed in April 2019. Since then, Sony has confirmed new details like the PS5’s logo, the next-generation DualSense controller, the console’s design, PlayStation 5 box art, and a long list of first-party and third-party games coming to the next-gen console.

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