TOKYO -- Sony will release a new 30% smaller model of its PlayStation 5 video game console on Nov. 10, the company's gaming unit announced on Wednesday, following a tried-and-true strategy to boost flagging sales heading into the holiday season.
Company hopes to reinvigorate sales with eye on annual goal of 25m units

The new PS5 is 30% smaller in volume and around 20% lighter than the original models, with a greater storage capacity. (Photo courtesy of Sony Interactive Entertainment)
TOKYO -- Sony will release a new 30% smaller model of its PlayStation 5 video game console on Nov. 10, the company's gaming unit announced on Wednesday, following a tried-and-true strategy to boost flagging sales heading into the holiday season.