Sony Shares PlayStation 5 Price and Game Lineup for Release Date

At long last, Sony shared the price point and release date of the PlayStation 5: $499 for the disc-friendly model and $399 for the Digital Edition, both of which will drop on Thursday, November 12.

That's two days after Microsoft is scheduled to deliver its own pair of next-gen consoles in the Xbox Series X ($499) and Series S ($299), dubbed "the smallest Xbox ever."

While Sony initially claimed that pre-ordering would begin on Thursday "at select retailers," major shops like Walmart, Amazon, Target, and Best Buy opened the floodgates early, causing most consoles to sell-out in less than an hour. (An invite-only pre-order registration hosted by Sony was also launched in late August.)

When the PS5 makes its debut, there will be an array of new and classic games available to play.

Thanks to the PlayStation Plus library, Sony's answer to the Xbox Game Pass, early players will have access to God of War, Final Fantasy XV, Resident Evil 7, Mortal Kombat X and much more.

Some fresh titles ready to roll on launch day will include Spider-Man: Miles Morales, Devil May Cry 5: Special Edition, Destruction All-Stars, Godfall and Astro's Playroom, which comes pre-loaded on the console.

Insomniac Games presented the first gameplay trailer for Spider-Man featuring a couple of hints about the plot line as well as a fight scene showcasing Morales' special abilities. Major releases will reportedly jump $10 in price from $59.99 to $69.99.