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The Markets
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Hardware & electrical equipment

Sony unveils thinner PlayStation 5 'Slim' model

Sony Group Corp (NYSE:SONY) has announced a new, thinner PlayStation 5 model that comes equipped with a detachable disk drive and 1 terabyte of internal storage.

The PS5 'Slim' will retail for $499.99 starting in November, replacing the current PS5 and PS5 Digital Edition, the latter of which had retailed for $449.99.

The thinner model is 30% smaller by volume and 20% lighter depending on model. There is a bulge on the side of the console for the disc drive, which can be taken off and replaced with a side panel.

“There are four separate cover panels, with the top portion in a glossy look, while the bottom remains in matte,” Sid Shuman, senior director of SIE content communications, said in a blog post.

The console also comes with two USB-C ports on the front instead of the single USB-C and USB-A ports on the current PS5.

Shares of Sony gained 1.3% Tuesday to $84.61 but have fallen nearly 1% in extended trading.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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