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PlayStation fans heard the news they have been waiting for today after Sony announced the new PS5 will be released on November 19 in a major announcement.

The console will cost £449.99.

Trailers for a number of new games were shown online in the PS5 Showcase Live before the big reveal. The games showcased included Final Fantasy XVI and Hogwarts: Legacy and Resident Evil VIII.

It will be released on November 12 in USA, Japan, Mexico, Australia, New Zealand and South Korea.

While in the UK it will be released a week later on November 19.

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Gaming fans could barely contain their excitement at the highly-anticipated news.

One wrote: "Sony did it, the smacked with PRICE… wow … wow … this PlayStation 5 hype train isnt gonna stop #PlayStation5."

Another uploaded a meme of Arnold Schwarzenegger eating noddles and joked: "Me eating noodles for the next 3 months to pay for the PS5."

The digital only edition costs £359. Other game trailers to be featured in the showcase were Spider-Man: Miles Morales and Demon's Souls.

There was even better news for gaming fans after PlayStation revealed when they would be able to pre-order their console and favourite games from. The official Twitter account tweeted: "PS5 pre-orders will be available starting as early as tomorrow at select retailers.

One fan wrote: "I don't know about you guys, but definitely getting the PS5 Digital Edition. Sony has been crushing it."

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