The PlayStation 5 or PS5 is Sony’s long-awaited next-generation console, it costs $499.99 / £449.99 / €499 and will be available in some parts of the world in November 12, 2020 and in the rest of the world in November 19, 2020.

We’ve seen the PS5 design, the PS5 game list, including Horizon Forbidden West and Spider-Man: Miles Morales, and know a lot about the specifications and features of the PS5, including an SSD for fast loading, ray-tracing, a built-in 4K Blu-ray player, and backwards compatibility with thousands of titles in the PS4’s game library.

And now possibly most importantly for the most gamers, we finally also learned the price and release date of the PS5: the console will cost $499.99 / £449.99 / €499 and will be available in November 12, 2020.

Sony has officially confirmed that the PS5 release date is November 12 for the US, Canada, Australia, New Zealand, Japan, Mexico and South Korea, while the rest of the world will have to wait a week for the PlayStation 5 to arrive on November 19 – putting it in direct competition with the Xbox Series X, which is releasing on November 10.

Releasing in this time period allows the PS5 to launch alongside upcoming AAA titles such as Assassin’s Creed: Valhalla, Cyberpunk 2077, and Call of Duty Black Ops: Cold War which are all due to release in November, while also avoiding the launch being lost in the shuffle of Black Friday – which falls two weeks later.

As for PS5 pre-orders, well they opened almost immediately after the Showcase event, on September 17.

That makes the PS5 $100 more expensive than the launch price of the PS4 and PS4 Pro, and it matches the price of the Xbox Series X.

However, if that’s still a little too rich for your wallet, there is a more affordable option too. The PS5 Digital Edition price is $399.99 / £359.99 / AU$599.95 / €499, and while you don’t get a disc-drive and it’s pricier than the Xbox Series S, this variant still packs the same power and performance as the main console.

PS5 Design and Specification Overview

The PS5 console looks very different to the PS4, with its futuristic spacy black and white color scheme. Looking a little different to Sony’s PlayStation consoles of the past. There’s more than one PS5 console variation releasing this year. Sony has confirmed to release also a PS5 Digital Edition: A digital only console without any disc drive!

From what we know, both consoles are very powerful. Both PS5 consoles are having an AMD Zen 2-based CPU with 8 cores at 3.5GHz, 16GB of GDDR6 memory, and a custom RDNA 2 AMD GPU that puts out 10.28 TFLOPs of processing power. That might sound like nonsense if you’re not up on this kind of speech, but prospective PS5 gamer have a lot to be excited about.

PS5 Facts and FAQs

What is it? The Sony PS5 is the next-gen PlayStation console.

When will it release? November 12 in the United States, Canada, Australia, New Zealand, Japan, Mexico, South Korea, and November 19 for the rest of the world.

What will the PS5 cost? $499.99 / £449.99 / AU$749.95 / €499 for the standard console, and $399.99 / £359.99 / AU$599.95 / €399 for the discless PS5 Digital Edition.

Can I play PS4 games on the PS5? Yes! The PS5 is backwards compatible with “almost all” PS4 games – earlier generations are still to be confirmed. It will launch with support for the majority of the top 100 PS4 games, but it’s been suggested support will extend to most of the PS4’s library. 

Will the PS5 support PS4 accessories? Mostly. The DualShock 4 controller will work with supported PS4 games, while officially licensed PS4 arcade sticks, flight sticks. racing wheels and some PS4 headsets are supported. 

Will PS5 have VR? Yes, the next-gen console will support current PSVR hardware, and there are also rumors of PSVR 2.

In addition, Sony has said that the PS5 User Interface will be getting “a 100% overhaul of the PS4 UI” – which we haven’t seen yet.