TOKYO (Reuters) - Sony ( SONY ) announced the PlayStation 5 Pro, an upgraded version of its flagship console offering better graphics, will go on sale on Nov. 7 priced at $699.99.

The new device, which lacks a disc drive but includes an upgraded graphics processing unit, costs 40% more than a regular PS5 with a disc drive.

Sony ( SONY ) has said it expects to sell 18 million PS5 consoles this financial year, down from 20.8 million in the same period a year earlier.