Perhaps the biggest megaton of Sony’s PlayStation press conference came in the form of a price this evening. An excited Andrew House explained that the console will cost just $399.99 in North America and £349.99 in Europe – a fairly significant saving compared to the Xbox One’s much steeper $499.99/£429.99 price tag. The console's due out later this year in North America and Europe.

The company also clarified its stance on used games, explaining that you’ll be able to trade and share your content without restrictions – and you’ll never need to connect to the Internet either. That’s pretty big news – especially considering the information recently released for the Xbox One.