Sony's New $500 PlayStation 5 Will Launch November 12

Courtesy of MGN

Sony said Wednesday its upcoming PlayStation 5 video game console will cost $500 and launch Nov. 12, setting up a holiday battle with Microsoft’s X Box Series X over whose new console will be under people’s tree this year.

Video game fans have been chomping at the bit for the new consoles _ and not just because of the the pandemic.

The roughly 7-year life cycle of a video game console is ending. The previous Xbox, Xbox One, and Sony’s PlayStation 4 were released in 2013.

The new consoles promise faster load times, souped up graphics and new games.

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