The PlayStation 4 will cost 3,999 Brazilian Real ($1,850) at launch in the country, Sony announced today on Brazilian PlayStation Blog. Games will cost R$179, or around $83.

The PS4 will go on sale on November 29 in Brazil, the same day as the console debuts in Europe.

According to Kotaku Brazil, Microsoft's Xbox One will sell for R$2,200 in Brazil, or around $1,016.

The discrepancy is due to import fees and taxes, which make up between 60 and 70 percent of the cost, according to a Sony Brazil representative speaking with G1.

In the United States, the PS4 will sell for $400, while the Xbox One will be available for $500.