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

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PS5 will cost $499 while the PS5 Digital Edition is priced at $399. The PS5 release date is November 12 in the US.

(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.

Phillip Tracy
Phillip Tracy

Phillip Tracy is the assistant managing editor at Laptop Mag where he reviews laptops, phones and other gadgets while covering the latest industry news. After graduating with a journalism degree from the University of Texas at Austin, Phillip became a tech reporter at the Daily Dot. There, he wrote reviews for a range of gadgets and covered everything from social media trends to cybersecurity. Prior to that, he wrote for RCR Wireless News covering 5G and IoT. When he's not tinkering with devices, you can find Phillip playing video games, reading, traveling or watching soccer.