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PS5 release date and console’s FIRST games ‘will be announced in June’, insiders reveal

GAMERS could finally get their first look at the PlayStation 5 next month, according to reports.

Sony is allegedly working towards an event on or around June 5 where it may reveal the mysterious console alongside a handful of its launch games.

The Tokyo tech titan announced the PS5 last year alongside a few details about its specs and a tentative "Holidays 2020" release date.

Months later and Sony still hasn't shared the console's design or price, leaving gamers to feed off scraps found in various leaks and rumours.

That may all change next month when the firm hosts a big summer reveal event, likely on June 4, according to VentureBeat.

Insiders told the tech news site that it's "possible" the PS5 itself will be revealed alongside some of its first games.

A demo of some early gameplay may also be on the cards, according to the report.

However, the source was not able to say for certain what – if anything – would be revealed at the alleged event.

As for whether we'll see the PS5, they said: "It’s possible, but I cannot confirm that."

Sony has yet to officially announce any major events for next month, so take the report with a pinch of salt.

What we know for sure is that the company will host its annual State of Play presentation in August.

It's safe to say we'll get a good look at the PS5 then if Sony hasn't already made its long-anticipated reveal by then.

Sony is currently lagging behind Microsoft when it comes to details on its new console.

The US firm will release the Xbox Series X later this year, and last week hosted a live-streamed event showing off some of its launch games.

How much will the PS5 and Xbox Series X cost?

Here's what you need to know...

Respected Wedbush Securities analyst Michael Pachter thinks we'll see a major price war.

"From what I've seen, Sony's gonna have to charge $500 for the PS5," he explained.

"Microsoft has a big balance sheet. If they wanna cut the price by $100 – just price below [PS5] and subsidise the first 10million [units] – they will.

"So I think that they're waiting to have Sony blink first, and then they'll reveal the price. Very likely $400."

Fellow gaming industry insider Peter Moore agreed with Pachter's predictions.

Moore was formerly an EA and Microsoft exec, and was speaking on the Bonus Round podcast.

He said: "Michael's right. What both companies are going through right now is: 'How much can we afford to lose in the first 12 to 18 months?'

"'What is our attach rate of software to hardware? What are we willing to do in year one, two and three to hit 10million [units]?'"

Sadly, neither Microsoft nor Sony have confirmed pricing for either of their consoles – or even hinted at a range.

The Series X will apparently run games at 4K resolution - double that of HD - with the possibility of running 8K.

It has a sci-fi controller that features haptic feedback, which means you'll feel different sensations through the controller as you play.

Neither firm has announced how much their respective consoles will cost.

But recent estimates suggest gamers will be paying somewhere in the region of $400-500 (£400-500) at launch.

Gameplay for Assassin's Creed: Valhalla, DIRT 5 and more revealed during Xbox Series X live-stream

In other news, here are free Xbox and PS4 games you can download in May 2020.

You can check your Xbox addiction over the past 10 years with the new 'My Decade on Xbox' tool.

And take a look at this incredible Xbox Project Oris concept console.

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