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TheStreet Open House

PlayStation 4 vs. Xbox One: Which is Right For You?

Stocks in this article: SNE MSFT

"Microsoft would argue that you don't need any other devices, since theoretically the Xbox One can fill the role of almost all of them, but that promise might not be borne out in the real world," says Sakey.

Sony also has a motion-sensor camera device, called the Eye, but it's optional hardware that Sony isn't making a big deal about. It's expected to go on sale for $59 when the PlayStation 4 launches, according to Kotaku.

When to buy

If you're looking for price drops, you could be in for a long wait. The 360 didn't need to offer a price cut because of its accessible $300 entry-point model. Microsoft maintained the 360's launch price for a record-setting 20 months before a price cut, according to a 2007 CNN article. Conversely, Sony cut the price of its much more expensive $600 entry-point PlayStation 3 by $100 seven and a half months after launch, according to a company press release.

But if you're planning on grabbing a system on launch day, you could save a few dollars by preordering a system bundled with extras. According to Louis Ramirez, tech and gaming feature writer at, "the first round of deals come in the form of 'preorder specials,' where you get the console bundled with games, accessories, gift cards/credits, etc. Those are value deals because you'll pay full price for the console, but get extra goodies for your money."

Both systems are available for preorder at Amazon, but the listed shipping dates aren't official. The official word from Microsoft is that the One will launch in November but hasn't given a specific date, and Sony has remained tight-lipped. Expect the next generation of consoles to drop this coming holiday season.

--Written by Craig Donofrio

--Written by Craig Donofrio

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