Sony announces pricier, upgraded PlayStation 5 Pro

FILE PHOTO: The logo of Sony PlayStation is displayed at the consumer electronics retailer chain Bic Camera in Tokyo, Japan November 10, 2020. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) - Sony announced the PlayStation 5 Pro, an upgraded version of its flagship console offering better graphics, will go on sale on Nov. 7 priced at $699.99.

The new device, which lacks a disc drive but includes an upgraded graphics processing unit, costs 40% more than a regular PS5 with a disc drive.

Sony has said it expects to sell 18 million PS5 consoles this financial year, down from 20.8 million in the same period a year earlier.

(Reporting by Sam Nussey; Editing by Himani Sarkar)