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Update: Sony originally stated that pre-orders would begin Thursday, but most of the major retailers have jumped the gun. Stock is very limited and the traffic seems to be causing most of the sites to break down. As of publication the only remaining live Playstation 5 pre-order link is at Best Buy, though checkout is having technical difficulties so it may take quite awhile to get your order through.

It’s not hyperbole to say that Sony’s Playstation 5 is not only one of the biggest gifts of the holiday season, but also one of the biggest products of the year. Now, at long last, the company has revealed the final details of its new console (consoles, actually),   including pricing as well as a release date set for November 12 in select countries (including the U.S.) and November 19 worldwide. Just as importantly (or perhaps more so) Sony today made the PS5 available for pre-order.

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Announced in an event Wednesday, Sony revealed there will be two versions of the new PS5, including a digital-only version (helpfully dubbed the PS5 Digital Edition) at $399, and a traditional version with optical disc drive for supporting physical games at $499.

Sony was initially quite slow to reveal tech specs and details about the new PlayStation 5 initially, but we now know a lot more about the console.

The new PS5 delivers an eight-core AMD Zen CPU (3.5 GHz), 16GB of GDDR6 memory, and a proprietary RDNA 2 AMD GPU. There’s also a new controller, called the DualSense 5, which delivers fancy new tech like a built-in microphone and haptic feedback.

Gaming consoles typically sell out in their first few weeks, and given how long it’s been since Microsoft and Sony released new consoles, we expect these to be relatively hard to come by. If you’ve got to have the new PS5 this holiday, your best bet to secure one is via pre-order.

Xbox Series X vs PlayStation 5: Which is better?

Torn between the new Xbox Series X and Sony’s new Playstation 5? Here’s how the two consoles compare based on what we know right now:

Gaming power: The Xbox Series X and Playstation 5 should perform roughly similarly in most games. Both consoles are moving to fast solid-state storage (also called simple an SSD) which will be a first for gaming consoles, dramatically limiting the need for loading screens and clever level design.

Both consoles feature processors and graphics cards that far outstrip their predecessors, though the exact difference between them is still unknown. Microsoft claims the Series X will offer 12 teraflops of graphics processing power, about twice what the current Xbox One X can do. 

What’s a teraflop? Essentially, it’s a rough way to gauge the power of a gaming graphics card. In terms of comparing Sony to Microsoft, teraflops may or may not make much of a difference. The underlying tech of both consoles is actually quite similar, so chances are the differences in gaming performance will come down to how well its internal studios and third-party developers adapt to the new hardware.

Storage: Both new consoles will offer fast solid-state drives by default, as well as optical disc drives for purchasing games that you can’t or don’t want to download directly. Since newer games may be well over 100GB, it remains to be seen how well each console handles the logistics of installing games. 

Today a 1TB SSD (which can hold about 10 games at 100GB apiece) costs a little under $100, so this will be an important point for gamers that like to have lots of games installed at any one time.

Games: Microsoft and Sony both work with most of the major third-party game developers out there, so “multi-platform” games such as sports games and Call of Duty should still appear on both systems. Sony owns internal studios responsible for games like Uncharted, The Last of Us, Horizon: Zero Dawn, and Spiderman. Microsoft owns the studios currently responsible for franchises like Halo, Forza, and more. These “Exclusives” will likely determine which console you prefer, since you may not be able to play all the games you want on one system.

Both consoles will also offer backward compatibility, though Microsoft has been more forthcoming about how this will work. 

The new PlayStation 5 will start at $399, and is available at the following retailers:

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Prices were accurate at the time this article was published but may change over time.

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