Sony's new PlayStation console will be released in Europe on November 29 and the US on November 15, the company has confirmed.
More than one million pre-orders have already been received for the next-generation PlayStation 4.
"The response we have received is nothing short of incredible," said Andrew House, head of Sony Computer Entertainment.
Speaking at a news conference at Gamescom, Europe's biggest videogames fair, he said the console would be on sale in 32 countries by Christmas.
Microsoft's new Xbox One will be going head to head with the Playstation 4 and is also slated for a November release, although the exact dates have not yet been revealed.
The new consoles were announced earlier this year and Sony already has the edge on pricing, according to games industry experts.
The PlayStation 4 will cost £350 in the UK and $399 in the US, whereas the Xbox One system comes in at £429 in the UK and $499 stateside.
Microsoft Europe's Vice President of Interactive Entertainment Chris Lewis said on Tuesday that pre-orders for the Xbox One were "unprecedented" but did not give any more detail.