We've performed a deep dive on the different consoles' capabilities now that the full specifications of both consoles have been revealed, and the differences are pretty significant!
It appears that Microsoft has placed power at the front of their requirements for next-gen, while Sony is more concerned with the speed of the PS5.
Continue below as we take you through all the details, separating fact from fiction.
Since the PS5's rather peculiar reveal event last week, it has been widely reported that Xbox Series X isn’t actually that much more powerful than the PS5, despite its superior hardware in this area.
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In short, a teraflop is a measurement of a computer’s performance, and the PS5 will feature just 10.28, while Xbox Series X will rock a superior 12 teraflops.
However, from what we've gathered, more teraflops will not guarantee a superior console for Microsoft.
There's more than meets the eye
In fact, many developers are claiming that the PS5 will ultimately end up with more raw computing power, after removing the audio workload from the CPU and GPU.
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What's more is that Sony has been focusing on the speed of their device, guaranteeing that load times will be removed, with a 'Quick Resume' feature also being implemented.
All of this said, it will inevitably come down to the games being offered by the PS5 and Xbox Series X, as it always does.