PS4 launch date confirmed by Sony

<p>The new console will go on sale in November.</p>

Sony has announced that its latest flagship product, the PlayStation 4, will go on sale around the world by the end of the year.

It was confirmed by the company that its new next-generation games console will come out in the US on November 15th, following two weeks later in the UK and the rest of Europe.

Rob Crossley, associate editor at the Computer and Video Games news site, stated that Sony has made "fantastic progress" in getting the console ready for a November launch.

However, he stressed that the firm will need to have a "show-stopping exclusive game" if it is to guarantee victory over rival company Microsoft, which is also releasing its new console this year.

Microsoft is yet to confirm the release date of the Xbox One console, only saying so far that it will come out at some point in November.

The share price of Sony will open at 19.95 on the New York Stock Exchange when the index opens later in the day.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.