Sony's (NYSE:SNE) PlayStation 5 is coming in time for the holiday shopping season, with the consumer electronics giant scheduling an event for June 4 to tease some of the upcoming game releases. In an effort to entice consumers to purchase its latest game console, Sony plans to roll out exclusive video games for it. IMAGE SOURCE: GETTY IMAGES. In an interview with Gamesindustry.biz, Jim Ryan, Chief Executive of Sony Interactive Entertainment, said the Japanese consumer electronics company has long subscribed to the belief that each generation of game console should have features and advancements that aren't in the consoles before it. In line with that belief, Ryan said game developers should make games that take advantage of the new features. "We do believe in generations, and whether it's the DualSense controller, whether it's the 3D audio, whether it's the multiple ways that the SSD can be used... we are thinking that it is time to give the PlayStation community something new, something different, that can really only be enjoyed on PS5," Ryan said. During the June 4th event, which will be streamed on Twitch and YouTube, Sony plans to give consumers a first look at the new games that will help launch the new PlayStation 5 console. Concerns had been swirling during the peak of the COVID-19 pandemic that Sony and rival Microsoft (NASDAQ:MSFT) wouldn't have their game devices ready for the holiday shopping season. Since then, both tech stocks have confirmed the game consoles will be ready for the end of the year launch. 10 stocks we like better than MicrosoftWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Microsoft wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 16, 2020 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Donna Fuscaldo has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Microsoft and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. The Motley Fool has a disclosure policy.Source