Sony reveals PlayStation 4 hardware and pricing

Sony Computer Entertainment has unveiled the PlayStation 4 hardware design at its annual E3 Media & Business Summit press conference.

It was also announced that the system will ship with a retail price of $399 in North America and Europe this year.

Sony also indicated that the system will be able to play games offline, with no online authentication required. Players will be able to play games, trade them in to retail or sell to others.

SCE World Wide Studios is currently developing more than 30 PS4 exclusive titles, 20 of them, including 12 new IPs, are planned to release within a year of the launch of the PS4 system. With a single PS Plus membership, gamers will enjoy all of the program benefits across the PS4, PS3, and PS Vita systems. However, it was revealed that users will need to purchase PS+ if they wish to play games in multiplayer on the PlayStation 4.

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