The PlayStation 5 Slim is about $50 less expensive than the original PlayStation 5, which launched in March.
The PlayStation 4 S retails for $399 and the PS4 Pro is $799.
The PS5 Pro is now $399.
PS5 owners will also be able to buy the PS5 with an upgraded Core i7 processor for $549.
The original PS5 sold for $299 in the US and the Xbox One S for $499.
The latest PS5 and PS5 S bundles, which include a gamepad and the gamepad controller, are priced at $299.
Microsoft has been pushing out software updates for the PS Vita for months, and the company said it has been working on adding support for the new console.
Microsoft says the PSVita is compatible with PlayStation Now and is available in the U.S. for $69.99.