Sony has revealed the PS5 release date and PS5 price during its Showcase livestream, after a months-long wait for the full picture on its next-gen games console. The PlayStation 5 will release in the US, Japan, Canada, Mexico, Australia, New Zealand and South Korea on November 12, with the rest of the world getting the console on November 19. The full version of the PS5 system will cost $499.99 / £449.99. 

The PS5 Digital Edition, meanwhile, which will not feature a disc drive, will cost a leaner $399.99 / £359.99. This will release at the same time. 

By comparison, Microsoft confirmed last week that the Xbox Series X will cost $499.99 / £449.99 / $AU749.99 when it launches on November 10, alongside the cheaper and lower-specced Xbox Series S model at $299 / £249 / AU$499. This means Sony is launching slightly later than Microsoft – but the cost of the console is not as high as some people feared.