Earlier this week, Microsoft let the cat out of the bag early, announcing the Xbox Series X and S price and release date following a major leak. However, Sony still has yet to pull the trigger and reveal when fans can get their hands on the PS5 or how much its next-generation console will cost. That information still isn't available at the time of this writing, but Sony has announced the next PlayStation 5 Showcase, which means fans may finally get their answers next week.

Sony has announced the next PS5 Showcase event for Wednesday, September 16 at 1pm Pacific. The broadcast will be focused on showing off some of the PlayStation 5 launch titles, as well as featuring some games that will be available for the system after launch. It will be about 40 minutes long, and fans can expect to get a look at titles from first-party studios as well as third-party developers.

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It's also quite likely that the PlayStation 5 Showcase will feature the long-awaited price and release date announcement for both the standard PS5 console as well as the PS5 Digital Edition. While nothing official has been announced by Sony to date, a recent report has said that the planned PS5 price has been slashed in response to Microsoft's Xbox Series S and X pricing announcement. If that report is to be believed, the standard PS5 will cost $499, whereas the PS5 Digital Edition will retail for $399. As for when the consoles will launch, the latest leaks and rumors seem to stick to either Tuesday, November 17, or Friday, November 20, both of which seem plausible.

Meanwhile, Sony will also likely announce when PS5 pre-orders will be available during its September 16 PS5 Showcase event. Microsoft has announced that Xbox Series X pre-orders start on September 22, so it will be interesting to see if Sony tries to get out ahead of the competition by making PS5 pre-orders go live earlier than that. It remains to be seen, but fans should get their pre-order plans ready, as the PS5 is expected to be in short supply this holiday season.

As for what games Sony will show at the PS5 Showcase event, it seems like a safe bet that major holiday 2020 titles like Spider-Man: Miles Morales will be on display. Sony may also give fans another look at titles like Ratchet & Clank: Rift Apart and Horizon Forbidden West. Third-party games like Resident Evil 8 are also a possibility, though Capcom may be saving its upcoming survival-horror game for the Tokyo Game Show at the end of the month instead.

There have been consistent rumors that a secret Silent Hill PS5 exclusive is in active development, so maybe fans will get confirmation on that come September 16 at 1pm PT. Regardless, PlayStation fans should definitely be sure to tune in.

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