Update: Our PS4 vs Xbox One comparison is now a year old.
We consider Microsoft's price drop and how it contrasts with Sony's specs, games and graphics power by talking to industry experts.
PlayStation 4 has surpassed 13.5 million units sold worldwide
Meanwhile Microsoft's latest numbers indicate just under 10 million Xbox One systems have shipped to stores.
- Black Friday: Best PS4 deals and bundles on Black Friday 2014
- Black Friday: Best Xbox One deals and bundles on Black Friday 2014
Microsoft is mounting a come-from-behind campaign, adding more "Only on Xbox" games to its library this year to join must-have next-gen exclusive Titanfall. It is also the sole console with EA Access.
- Order Xbox One now from: Amazon | Zavvi | Tesco | GAME
- Order PS4 now from: Amazon | Zavvi | Tesco | GAME
Sony, meanwhile, is preparing PS4 for a streaming and virtual reality future with PlayStation Now and Oculus Rift-challenger Project Morpheus. Games like Uncharted 4 and The Order 1886 are set for 2015.
Of course, both companies claim to have the advantage in powering gamers through the next decade. To see if that's true, our Xbox One vs PS4 comparison needs an update.
Xbox One vs PS4 hardware design
Deciding between PS4 and Xbox One is like peeling back an onion, and it starts with the outermost layer, the hardware design.
Xbox One's dimensions make it a menacing gaming beast that measures 13.5 in x 10.4 in x 3.2 in. It's also riddled with vents as to not overheat for another Red Ring of Death scenario.
It towers over every other device (though Microsoft advises not to stand it up vertically), and completely dwarfs our smallest home theater gadget, the app-filled Chromecast.
PS4 has a more distinctive angular shape with an overall stylish design. This half-matte half-gloss console measures a slimmer 10.8 in x 12 in x 2 in at its widest regions.
These dimensions make Sony's machine more media cabinet-friendly, at least next to Xbox One. The new Xbox also weighs a heftier 3.56 kg vs PS4's 2.75 kg.
PS4 has the advantage of hiding ports too, though as we illustrated in our video comparison, this can actually make it harder to plug cables into the back of the system.
In this way, Xbox One represents functionality over form. A lot of the internal specs are comparable, but Microsoft and Sony really diverged when it came to the designs of Xbox One and PS4.
That may matter since you're buying into an expensive console that's going to sit front and center in your living room entertainment system for the next ten years.
Xbox One vs PS4 front and rear ports
We've fondled the hardware and we've played the games. Check out what we think of the PS4.
More clear cut is the wireless connectivity situation. PS4 makes room for gigabit ethernet and 802.11 WiFi bands b/g/n, while Xbox One includes all of that plus the older 802.11a band.
Xbox One also supports both the 2.4GHz and newer 5GHz channels that are compatible with dual band routers. PS4 limits connections to 2.4GHz, which is likely to have more interference.
Both systems have 500GB hard drives, but only PS4 allows user-replaceable internal drives. An Xbox One teardown found a standard-looking drive inside, but replacing it voids the warranty.
Instead, the Xbox One June update finally allowed gamers to add external storage to the monster-sized system. There are strings attached. The drive needs to be 256GB or larger and USB 3.0 compatible.
External storage isn't an option that Sony supports in its "go big or go home" internal approach.
Xbox One review
Our first impressions of Microsoft's new Kinect-powered games machine.
PS4 and Xbox One are void of remarkable characteristics on the front. There's a Blu-ray/DVD combo drive to the left and their respective, muted-color logos to the right. PS4 has a pair of USB ports tucked between its sandwich-like halves next to where the disc drive is located.
It's party in the back Xbox One connections. That's where it has two USB ports, HDMI in, HDMI out, S/PDIF for digital audio, a proprietary Xbox One Kinect port, an IR blaster connection and an Ethernet port. To the far right is a K-lock in case you want to lug this system around to LAN parties.
Sony went with a minimalist approach when it came to PS4's rear ports. You'll only find an HDMI out, S/PDIF, Ethernet and PS4 camera port (marked "AUX") around back.
Xbox One is more feature-packed in this area thanks to its HDMI in and IR blaster connections used for its TV cable or satellite box functionality. But are you really going to use this feature? PS4 lacks this passthrough technology, opting to stick with gaming as its top priority.