Sony’s eagerly awaited PlayStation 5 will launch in November, taking on a new offering by console rival Xbox as video game play booms during the pandemic.

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A streamed event showcasing games tailored for PS5 ended with word that two versions of the console would be released on November 12 in Australia, North America, New Zealand, Mexico, Japan and South Korea, then in the rest of the world a week later.

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The premium PS5 will be priced at $500, while a “digital edition” designed for the…

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