The design of the PS5 is striking, as it avoids the boxiness of recent consoles.

There will be two versions of the PS5 at launch. The standard model incorporates an Ultra HD Blu-ray disc drive, but the 'digital' model doesn't, relying instead on an internet connection.

The hardware accessories revealed alongside the PS5 were:

• Pulse 3D audio wireless headset with dual noise-cancelling microphones;
• HD camera with dual 1080p lenses;
• Media Remote with built-in microphone, for navigating movies and streaming services; and
• DualSense Charging Station to charge two DualSense wireless controllers.

The company also provided a first look at the new games that will be available for the PS5, most as either console exclusives or full exclusives on PS5.

Enhanced and expanded versions of Grand Theft Auto V and Grand Theft Auto Online will launch on PS5 in the second half of 2021, with technical improvements, visual upgrades and performance enhancements that take full advantage of the PS5 hardware and its new features

Additionally, a new standalone version of Grand Theft Auto Online will be available, with free access for all PS5 owners for the three months following the game's launch. Once claimed, PS5 owners with PlayStation Plus membership will be able to play GTA Online as much as they want. From today, all PS4 GTA V owners will get GTA$1,000,000 every month until the PS5 version of the game launches in 2021.

The initial list of games comprises:
Astro’s Playroom (Japan Studio)
Demon’s Souls (Bluepoint Games / Japan Studio)
Destruction All Stars (Lucid Games / Xdec)
Gran Turismo 7 (Polyphony Digital)
Horizon Forbidden West (Guerrilla Games)
Marvel’s Spider-Man Miles Morales (Insomniac Games)
Ratchet & Clank: Rift Apart (Insomniac Games)

Returnal (Housemarque / Xdev)
Sackboy A Big Adventure (Sumo Digital / Xdev)
Bugsnax (Young Horses)
Deathloop (Bethesda)
Ghostwire: Tokyo (Bethesda)
Godfall (Gearbox Publishing / Counterplay Games)
Goodbye Volcano High (Ko-Op)
Grand Theft Auto V and Grand Theft Auto Online (Rockstar Games)
Hitman 3 (IO Interactive)
Jett : The Far Shore (Superbrothers)
Kena: Bridge of the Spirits (Ember Lab)
Little Devil Inside (Neostream Interactive)
NBA 2K21 (2K, Visual Concepts)
Oddworld Soulstorm (Oddworld Inhabitants)
Pragmata (Capcom)
Project Athia (working title; Square Enix/Luminous Productions)
Resident Evil Village (Capcom)
Solar Ash (Annapurna Interactive / Heart Machine)
Stray (Annapurna / Blue Twelve Studio)
Tribes of Midgard (Gearbox Publishing / Norsfell)
The Pathless (Annapurna Interactive / Giant Squid)

"With PlayStation 5, we are making a significant leap to deliver a truly new generation of transformative play experiences that will redefine expectations for what games can be," said Sony Interactive Entertainment president and CEO Jim Ryan.

"Worlds will be richer and more beautiful, they’ll captivate your senses in ways you didn’t think possible, and you’ll be able to experience them much more seamlessly, with lightning fast loading. Today’s showcase is just a glimpse of what’s to come in the next generation, and we want to thank our community for taking this journey to PS5’s launch with us."

Pricing and additional details for the PlayStation 5 will be announced at a later date, the company said.