Let the console wars begin. Sony is firing the first salvo with upcoming PlayStation 4 video game console, which goes on sale on November 15 in the United States, and November 29 in Europe. The price of the PS4 will be $399 – or $100 less than Microsoft’s new Xbox system.

The PS4 replaces the PlayStation 3, which was introduced seven years ago. The new system will feature souped up graphics and processing horsepower. It has an eight-core x86 processor, and 8 GB of RAM that will provide an extreme level of detail in games. There is also a new share button on the PS4 controller, which gives users the ability to broadcast gameplay directly to Twitch. Twitch has become one of the most popular ways for gamers to share footage online.

Sony reports that they have already pre-sold more than a million PS4 systems.

The Japanese electronics giant also announced price cuts on older game systems. The PlayStation 3 console and PlayStation Vita handheld will both be available for $199.

The release of the PS4 console will make it a hot item for the holidays.

Here are some of the titles that will be available for the PS4 at launch:

  • NBA 2K14
  • Call of Duty: Ghosts
  • Skylanders Swap Force
  • Need for Speed: Rivals
  • Battlefield 4
  • Madden 25
  • FIFA 14
  • NBA Live 14
  • Killzone: Shadow Fall
  • #DRIVECLUB
  • Knack
  • Assassins Creed IV Black Flag
  • Watch Dogs
  • Just Dance 2014
  • LEGO Marvel Superheroes