With pre-orders of Sony’s PS4 sold out only shortly after it was announced, we cannot imagine the hype it will create once it hits markets across the globe. The PS4 is to compete with Nintendo’s Wii U and Microsoft’s Xbox One gaming consoles.

Sony’s new gaming console has the latest technological features. Its dual shock controllers include a highly sensitive six-axis sensor as well as a touch pad located on the top, which offers completely new ways to play and interact with games. The controller features a ‘share’ button which allows video streaming. It also offers unrestricted access to pre-owned games, so when you buy titles you are free to then trade them, sell them to another person or lend them to friends.

The highly-anticipated gaming console will track both the controller in a gamer’s hand as well as their face. When two or more gamers are playing, if one of them gets up and moves to say the right or left, their section of the screen will then automatically adjust by itself. But as cool and innovative as that sounds, it is said the PS4 will apparently limit game developers to just 4.5GB of its 8GB GDDR5 memory total.

The new edition gaming console will only be available in black and will have an angular design. It appears to be constructed of a similar plastic to the original PS3 ‘Slim’ edition and seems slimmer than its rival, the Xbox One.

The soon-to-be-released gaming console is set for a late November launch. It is said to be priced at $399, though that price does not include the PlayStation Camera. At this price, the PS4 is a whole $100 cheaper than rival, the Xbox One.