PlayStation 4 Slim

Sony has brought the regular PlayStation 4 in for an upgrade. Starting this month, the entry model in the PS4 ecosystem will come with a 1TB hard drive, while the MSRP has held steady at the same $300 price point as the previous 500GB model.

A slimmer, more power-efficient redesign of today’s readily-available PlayStation 4 was first speculated on earlier in the year when Macquarie Securities analyst Damian Thong spoke with the Wall Street Journal. Damian suggested the company would introduce the model, and with the company’s noted history of doing so previously, there was little doubt to be had.

Today’s a big day for tech brands. Apple kicked things off in San Francisco an hour ago, but for gamers, all eyes are across the country. Right in Times Square, Sony is set to present the future of the PlayStation brand at — appropriately enough — the PlayStation Theater. You can watch the entire event unfold from the official live stream posted above.

What a year this has been for both games and hardware. Sony finally acknowledged the development and existence of the forthcoming PlayStation 4 ‘NEO’, otherwise referred to as “PlayStation 4.5” and “PlayStation 4K”. This left a number of interested parties wondering whether the original model would be downsized to compete with the newly-released Xbox One S.