SONY’S next-generation PlayStation 5 console will cost £450 — with games as much as £70.
It will go head to head with rival Microsoft’s new Xbox when they go on sale in November.
Both offer movie-quality graphics and will be top of the wish lists at Christmas.
The Xbox Series X will cost the same as the PS5.
But both Sony and Microsoft will sell cheaper versions of the consoles with fewer features.
They include the PS5 digital edition, which has no disc drive, for £359.
But despite the £449 price tag of the full-specification PS5, there were already fears it will be in short supply.
And the £70 price for games is also a blow to parents whose kids will want top titles.
Several were announced at the online launch on Wednesday night.
They include Spider-Man: Miles Morales and the Harry Potter-themed Hogwarts Legacy, an open-world role playing game set in the magical school in the 1800s.
Sony said its new console will go on sale in the UK on November 19.
Microsoft has announced a November 10 release date for the Xbox.
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