IT'S OFFICIAL: This is the new, smaller PlayStation 4

It's finally official: Sony's got a new, smaller PlayStation 4.

YouTube/PlayStation

The console is considerably smaller than the original PlayStation 4, but boasts the same parallelogram design. It's got rounded corners and it ditches the dividing line of the original console for a sleeker, more rounded look.

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The new model is the "standard model going forward," says PlayStation head Andrew House at an event in New York City on Wednesday. It's the same console that you already own, albeit with a new look. The price is also the same: $299. The console should be available in most markets by the end of September.

Twitter user "shortmaneighty2"

The new, smaller PlayStation 4, next to the original model.

The existence of this smaller PlayStation 4 has been known for several weeks now, after someone in the United Kingdom actually got their hands on the real, final version of the console. But Sony declined to officially confirm the existence of the console until today's event.

While that model had originally been referred to as the "PlayStation 4 Slim," it appears that it will entirely replace the original PlayStation 4 model, and as such, will just be called "PlayStation 4."

Under the hood, there's nothing new about the updated PlayStation 4: It plays the same games with largely the same hardware. But it has a slightly different controller, with a lightbar on the front and some minor tweaks to how it feels in the hand.

YouTube user ZRZ

The new PlayStation 4 controller.

Otherwise, it's the same PlayStation 4 you may already own, but smaller and sleeker. There's no reason to upgrade from your existing PlayStation 4. It's simply the new entry-level version, for anyone buying a PS4 console for the first time.

On the other hand, Sony also announced the new, powerhouse PlayStation 4 Pro - a truly upgraded new console, formerly codenamed "Neo," that can support new video tech like 4K Ultra HD and HDR. For existing PS4 owners looking to move to the latest and greatest, this is the console to get.

Eurogamer

Up close with the new PlayStation 4.