Sony's PlayStation 5 To Be Released In November

Sony finally announces the release of the PlayStation 5 will be launched in November.

It was announced via a streamed event that two versions of the console would be released on November 12 in Australia, North America, New Zealand, Mexico, Japan and South Korea, followed by the release in other countries a week later.

"With PlayStation 5, we are making a significant leap to deliver a truly new generation of transformative play experiences that will redefine expectations for what games can be," Sony Interactive Entertainment chief Jim Ryan said on the first reveal of the console.

The price of the console will be $500 while the trend of the games can be downloaded at $400.

"Since we first announced our next generation console last year, we have received astounding support from developers and gaming fans all around the world, and it's truly humbling," said Sony Interactive Entertainment chief executive Jim Ryan.

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"We can't wait for our fans to experience for themselves the incredible speed, the heightened immersion and the breathtaking games on PS5 when we launch this November."

Microsoft has also announced the release of its next-generation Xbox game console on November 10.  It will be sold at $299 in November.