The company made the announcement during a press conference at the Gamescom conference in Cologne, Germany.
Microsoft Reveals Tentpole Games to Launch with Xbox One
Sony already had announced that the next-generation videogame console will be priced at $399. Microsoft's rival Xbox One carries a $499 pricetag.
Microsoft has yet to reveal when exactly the Xbox One will be released.
Sony said it already has received 1 million pre-orders worldwide for the PlayStation 4.
SEE ALSO: Game on for Sony, PlayStation 4
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