After a few rumors from Japanese new papers regarding the PlayStation 4′s price, it has been confirmed via another source that the PlayStation 4 will cost £300 when it launches. This comes via “industry sources” and “leaked internal documents” obtained by TheTimes.co.uk.

How exactly does this math work? Well, when PlayStation 3 first launched in the United Kingdom, it cost £425 ($669, which rounded out to $600 in the U.S.). £300 is equivalent to $465, which should round out to about $400 in the U.S.

The next PlayStation is expected to be unveiled this Wednesday, February 20 in New York City.