The November 12 release date will apply to the US, Japan, Mexico, Australia, New Zealand, and South Korea, with the rest of the world getting the new console on November 19. The new Playstation 5 will cost $499.99 when it launches, alongside the $399.99 Digital Edition. This price puts Sony on the same line as Microsoft’s next-gen consoles, launching November 10, with the entry-level Xbox Series S set at $299 and the flagship Xbox Series X for $499. With a PS4 still retailing for $399, it is easy to understand why gamers will most certainly choose to go for the new PS5 instead, which will include backward compatibility for an “overwhelming majority” of the existing PS4 games.
