Sony’s head of SCE computer entertainment stated that the company has so far received more than a million preorders worldwide for its new PlayStation 4 Console.

The Chief Executive of SCE, Andrew House further said that the console will be available from November 15 in North America and November 29 in Europe

“The response we have received is nothing short of incredible,” he said. He added that the console will be available in 32 countries worldwide during the holiday season.

Microsoft Corp, on the other hand, has said it will start selling its latest console,Xbox One, in November. Escalating competition between the two consoles is anticipated ahead of the year-end.

Sony’s new console after seven year has a price tag of $100 which is a lower price than the new Microsoft’s Xbox One whose price stands at $399.

Xbox One, which was launched in May following eight years after the previous console, marks as its strongest push by the company so far to take over the market.

Microsoft Europe’s Vice President of Interactive Entertainment Chris Lewis said that their preorders for the Xbox One were “unprecedented” but took a rain check when it came to give more details.

Sony held that it would also cut the retail price for its PlayStation 3 and PlayStation Vita devices to $199 in the United States and 199 Euros ($270) in Europe. The Vita was 249 Euros while the PlayStation 3 was 229 Euros.