Microsoft announced that it will release its next-generation Xbox One console this November in 21 markets for $499 in the U.S.

The announcement came as part of the company’s Electronic Entertainment Expo (E3) media event conference.

The original Xbox 360, which debuted in the U.S. in 2005 for $399. The Xbox One’s starting price is more similar to that of Sony’s current-generation PlayStation 3 console, which drew criticism when it first hit the market a year after the Xbox 360 priced at $499 or $599, depending on the model.

The Xbox One pricing was revealed during a two-hour presentation that was packed full of new gameplay trailers and announcements, the console price was the one hardware detail that Microsoft brought to the stage with it for its keynote address for this year’s E3. The company did not give a more specific release date than November, and said nothing about some of the console’s more controversial features such as its Internet connectivity requirements and used games policies.

The $499 price tag also puts the Xbox One in a different category than Nintendo’s Wii U console, which debuted last November for $299.