The PS5 will launch on November 12 for $499.99

Image: Sony Sony has announced that the PlayStation 5 will cost $499.99 when it launches on November 12th, alongside the $399.99 Digital Edition.
The pricing puts Sony squarely up against Microsoft’s next-gen consoles, with the company set to release its entry-level Xbox Series S at $299 and its flagship Xbox Series X for $499 on November 10th.
For comparison, the PlayStation 4 cost $399 at launch, although it currently sells for $299, while the PlayStation 4 Pro originally sold for $399,