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After several teasers and mini-events, Sony has finally revealed the price of its much-anticipated PlayStation 5.
It costs $499, putting it head to head with its rival, Microsoft's Xbox Series X, which likewise is going for $499.
The PS5 will be released on November 12 in the United States, Japan, Canada, Mexico, Australia, New Zealand and South Korea. For other countries, it's coming out on November 19. In a footnote, Sony said that China's launch date is still "under exploration."

The Xbox Series X is coming out on November 10, beating the PS5 to market by two full days. Microsoft is also selling a cheaper Series S for $299.
Carolina Milanesi, a tech analyst at research firm Creative Strategies, said the difference in rival devices' release dates won't make much of a difference in sales.

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