Tretton, while explaining Sony’s policies on used games and internet connectivity, also confirmed that the company will not be imposing any restrictions on re-sale of game discs and that they can be borrowed or traded with friends, families or kept for life. Tretton said, “Yes, that’s a good thing,” as the fans applauded the announcement. As an analyst had predicted earlier, the console has been priced at $399, €399 and £349 depending upon the region.

Back in May Shuhei Yoshida, President of Sony Worldwide Studios, had already revealed that the company wasn’t looking at or considering making a console that would require an always-on connection. Yoshida said, “Did we consider it? No, we didn’t consider it.”

“The main reason being that many countries don’t have robust Internet connections. It makes sense for people to have Internet connections to play online games, but for offline games there are many countries that we saw [that] do not really have robust Internet”, he added.

In related news, as we had reported earlier, PlayStation will be equipped with 500GB hard drive bringing the console at par with Microsoft’s Xbox One when it comes to storage.

Microsoft on the other hand, which has priced its Xbox One at $499, is not too keen on allowing users to play single player games in an offline mode for more than 24 hours because of which it has enforced a requirement of authentication, at least every 24 hours. Beyond this Xbox One will also impose some level of restrictions on trading games to stores as well as lending them to friends.