The PlayStation 5 and Xbox Series X are both scheduled to arrive in 2020. Here's how they stack up. (MSFT, SNE)

Sony and Microsoft are working on the next versions of the PlayStation and the Xbox: The PlayStation 5 and Xbox Series X, respectively.Both new consoles are expected to arrive in the the 2020 holiday shopping season.Despite both consoles being months from launch, we know a surprising amount of confirmed information about the new consoles thanks to Sony and Microsoft.Visit Business Insider's homepage for more stories.

It's true: By this time next year, a new PlayStation and a new Xbox will have launched.

For those of you keeping score at home, that's the fifth PlayStation and fourth Xbox generation. As such, Sony's next PlayStation is called PlayStation 5. Microsoft's next Xbox's name is a bit less straightforward — it's called Xbox Series X.

Though neither has gotten the full showcase treatment just yet, both Sony and Microsoft have detailed the consoles with a surprising amount of specificity. As such, we've broken down the similarities and differences below — here's how the two consoles stack up:

Original author: Ben Gilbert

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