The PlayStation 5 will value $499.99 for the usual model of Sony’s next-gen console and $399.99 for the PS5 Digital Edition — the system with out an optical disc drive — when it launches Nov. 12, Sony Interactive Entertainment announced Wednesday throughout its PlayStation 5 Showcase livestream.

The Nov. 12 release date is for the consoles’ launches within the U.S., Canada, Mexico, Australia, New Zealand, and South Korea. They’ll develop into accessible on Nov. 19 for the remainder of the world, Sony mentioned. Regional pricing is €499.99 in Europe, 49,980 yen in Japan, and £449.99 within the U.Okay. for the usual version; the Digital Edition will value €399.99 in Europe, 39,980 yen in Japan, and £349.99 within the U.Okay.

prices for PS5

Image: Sony Interactive Entertainment

Sony’s PS5 price announcement follows related information from Microsoft, which announced the release date of its $499.99 Xbox Series X and $299.99 Xbox Series S final week.

Here’s how that PS5 pricing compares to earlier generations. Sony launched the PlayStation four at $399.99 again in 2013. That price level was rather more palatable to shoppers than the (infamously excessive) price of its predecessor, the PlayStation 3, which launched with fashions priced at $499.99 and $599.99. Prior to these platforms, Sony launched the unique PlayStation and PlayStation 2 at $299.99.

Sony has been slowly rolling out particulars concerning the PlayStation 5 because the console was first detailed in April 2019. Since then, Sony has confirmed new particulars just like the PS5’s emblem, the next-generation DualSense controller, the console’s design, PlayStation 5 field artwork, and an extended record of first-party and third-party video games coming to the next-gen console.