So this model boasts a slimmer design as well as coming without a 4K Blu-ray Disc drive.
Sony had widely been expected to only be releasing one PS5 model this year, so this news took many by surprise.
But it could also be key in determining which console pulls out an early sales lead at the start of the next-gen.
Both Sony and Microsoft are yet to announce pricing for the PS5 and Xbox Series X, but analysts are expecting a price tag of around £499.
Microsoft has already said they are willing to be flexible with the Xbox Series X price, which means they could try to undercut the cost of the PS5.
In fact, this is just one of two ways the Xbox makers could try to make their proposition more appealing to gamers’ wallets.
source: express.co.uk