The PS5 arrives November 12th and it starts at $400

There’s no need to keep the guessing games going any longer. The PS5 costs $500 and the Digital Edition will set you back $400. As for when you’ll be able to get your hands on it? Sony will release both models of the PlayStation 5 on November 12th in the US, Canada, Japan, Mexico, Australia, New Zealand and South Korea, and the rest of the world on November 19th. Pre-orders start at some retailers tomorrow.

However, players in China are facing a longer wait. “PS5 launch date for China is still under exploration and will be announced at a later date,” according to a PlayStation blog post.

The reveal finally brings to a close a game of chicken that Sony and Microsoft have been playing for months. Sony revealed the design of its next-gen hardware in June, six months after Microsoft pulled back the curtain on the Xbox Series X.

Microsoft announced Xbox Series X and Xbox Series S pricing and availability last week, slightly ahead of schedule after leaks gave the game away. The standard PS5 costs the same as the Xbox Series X and the Digital Edition is $100 more expensive than the $299 Xbox Series S.

Now we know exactly when the PS5 is coming out, you can expect a flood of games that have been announced for this holiday season to lock in their release dates too.