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PS5 price and release date revealed — How it compares to Xbox Series X

(Image credit: Sony)

We finally know the price and release date of the PS5. Sony revealed at its showcase event today that the standard PS5 costs $499 while the PS5 Digital Edition is priced at $399. 

Both the PS5 and PS5 Digital Edition will be released on November 12 in the US and a handful of other countries. It will be released to the rest of the world on November 19. 

Here is a full list of countries where the PS5 will be available on Nov 12:

  • United States
  • Canada
  • Japan
  • Mexico
  • Australia
  • New Zealand
  • South Korea

PS5 vs Xbox Series X price

Microsoft beat Sony to the punch, revealing the price of the Xbox Series X and the less expensive Xbox Series S. Now that we know how much the PS5 will cost, let's look at how the numbers compare:

  • PS5: $499
  • PS5 Digital Edition: $399
  • Xbox Series X: $499
  • Xbox Series S: $299

As you can see above, the PS5 matches the price of the Xbox Series X at $499. Sony undercuts the Xbox Series X with the PS5 Digital Edition, which comes in at $100 less than the one with a 4K Blu-Ray drive. 

Then there's the Xbox Series S. At $299, it's the cheapest next-gen console, but remember, the Series S isn't as powerful as the Xbox Series X whereas both PS5 models are identical apart from the disc drive.