PS4 E3 Announcement: Sony's Console Will Launch This Holiday for $399; First Official Hardware Photo Included

Courtesy of Twitter, fans have learned that the PlayStation 4 will launch this holiday season in the United States and Europe and, while exact details in terms of launch date haven't yet been confirmed, the actual pricing has been revealed: the system will cost USD$399, €399 and £349.

Therefore, the console will actually cost less at launch than its predecessor.

Sony has also taken to Twitter and revealed their first official hardware photo, pictured above. The device still maintains a decidedly "PlayStation" design, with the all-black color and the familiar controller layout, although it luckily looks quite small.

Pre-orders for the console are now being accepted by major retailers.