PS4 priced cheaper than Xbox One

Sony has revealed NZ pricing details for the newly unveiled Playstation 4, set to cheaper than Microsoft's Xbox One.

Announced at the E3 Trade Show in Los Angeles, the Japanese electronics firm confirmed the console would retail at $649.95 in New Zealand, with an expected release data around xmas this year.

"The gaming landscape is changing with new business models and new ways to play," said Andrew House, president and CEO, Sony at the event.

In a dig at Xbox One rival Microsoft, Sony's American CEO and president Jack Tretton received the loudest cheer of the day, after announcing the company's stance on DRM - digital rights management.

"PlayStation 4 disc-based games don't need to be connected online to play or any type of authentication," he said.

"If you enjoy playing single-player games offline, PS4 won't require to you check in online period and it won't stop working if you haven't authenticated in 24 hours."

As reported by BBC gaming expert Dave Lee from LA, Sony has every reason to be happy following the release.

"If console battles were decided by the frequency and volume of whoops and cheers from excitable gaming fanatics, then Sony has won it hands down," he wrote.

"The biggest of all was about price. Cost aside, it was Sony's stance on DRM - digital rights management - which also drew huge applause.

"It was a cheer for what his audience saw as basic right."

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