The most-awaited PlayStation 5 by Sony will launch in November this year.

According to the details, two versions of the PlayStation 5 console will be released on November 12 in Australia, North America, New Zealand, Mexico, Japan and South Korea, later in the rest of the world.

The premium PS5 will be priced at $500, while a “digital edition” designed for the trend of games being downloaded from the cloud will be priced at $400.

“With PlayStation 5, we are making a significant leap to deliver a truly new generation of transformative play experiences that will redefine expectations for what games can be,” Sony Interactive Entertainment chief Jim Ryan said.

Sony has shown off titles being readied for PS5 and provided a glimpse at the console — a dark tower with white sides that encase it like a partially open clamshell.

A “full” model PS5 has a slot for game or video disks, while the digital model does not since titles can be downloaded via the internet or played in the cloud.

Earlier, Sony had said in a statement, “We’ve begun to unveil more details behind the technical and hardware components that make PlayStation 5 such an innovative and powerful platform – the ultra-high-speed SSD, integrated custom I/O system, custom AMD GPU with ray tracing, and highly immersive 3D audio. With these capabilities, PS5™ will allow developers to maximize their creativity, building expansive worlds and new play experiences in the games they design.”

Microsoft last week announced its next-generation Xbox game console will launch on November 10, with an estimated starting price the same as that of the PS5.

The new XBox Series X were available for pre-orders from September 22.

Microsoft said it would sell a slimmed-down Xbox S game console priced at $299, also in November.

The PlayStation 4 had outsold Xbox by more than two to one, but Microsoft hoped to take the battle back to Sony.

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