At the conference last night tech giant company Sony revealed that its next-generation console will go on sale for £349 in the UK, $399 in the US and 399 euros across Europe.
Meanwhile, the PlayStation 4, with an updated black box design, was unveiled in February but only revealed at the video game exhibition E3 in Los Angeles last night.
The price is significantly cheaper than Microsoft’s Xbox One, which can be purchased for £80 more at £429 in the UK, $499 in the US and 499 euros.
Sony Computer Entertainment President and CEO Andrew House told reporters who attended the Los Angeles event: “It’s a very compelling price… given the entertainment PS4 will provide to gamers.”
Microsoft’s E3 conference took place earlier in the day and Sony’s revelation of a cheaper price came as a surprise for many at the event, The Telegraph writes.
Sony also revealed that there will be no online requirements or limits on second-hand games, thus the company a further advantage over its competitor.
“The PlayStation 4 won’t impose any new restrictions on used games,” said Jack Tretton, president and CEO of Sony Computer Entertainment America to cheers from the audience at E3.
Xbox One users habe to connect to the global network once every 24 hours, and Microsoft also has restrictions on how consumers can buy second-hand games.
PS4 is the first games console Sony has released since the PlayStation 3 went on sale seven years ago.
Both the Xbox One and PS4 are more expensive than the Wii U which Nintendo unveiled a year ago, but a shortage of new games for the Wii U means the device has not sold as well as hoped.
Microsoft made use of its E3 conference to introduce 15 games for Xbox One, including a new Halo game to be released in 2014.
Microsoft began its own conference with a trailer for Metal Gear Solid V, the latest part in a series of titles once inextricably linked with the company’s console.
After this, the software giant revealed some of new franchises – the long-expected Crytek battler Ryse: Sons of Rome, the trailer for which managed to re-depict the Normandy beach landings as a battle of the ancient world.
There was also Insomniac’s Sunset Overdrive, a highly stylised open-world shooter that appears to channel Crackdown, Borderlands and Jet Set Radio into one brash blast-’em-up.
“Titanfall showed up again, this time with a gameplay demo that showed the interplay between foot soldiers and mechs, the former using the verticality of buildings to compete against hulling metal foe,” The Guardian writes.
“Then Need For Speed Rivals rocketed onto the screen, bringing with it the second theme of the night – open-world racers that blur the lines between co-op, multiplayer and single-player. It would later be followed by Sony’s DriveClub and Ubisoft’s multi-terrain giant, The Crew.”
The publication adds: “All are taking on the expansive driving genre introduced by Test Drive Unlimited and reworking it for next-gen hardware, but right now it’s difficult to tease out the individual quirks amid all that brushed aluminium and lasciviously winking lens flare.”