Hi everyone. Today, we’re happy to announce that the 1TB PS4 Ultimate Player Edition launches in select Europe and PAL territories from 15th July.

Offering twice the storage of the existing PS4, you’ll be able to download more of the games you love to your PS4, extend your play with more great add-on content and save and share even more of your best gaming highlights.

For pricing information, check with your local retailer.

http://blog.eu.playstation.com/2015/06/22/new-1tb-ps4-ultimate-player-edition-launches-next-month/

It's nice that this is available for new buyers, and old buyers can easily (and I do mean easily) replace the stock HDD in their system for a higher capacity one if they ever want/need to. I'm a little surprised this wasn't available right away on launch day considering how far the prices for 1TB HDD's even for consumers have fallen, but in the end, it was far from a deal breaker apparently.

Edit: I do wonder when it's coming for other territories. Apparently stocking all of Europe and PAL territories is easier than stocking the US or anywhere else for that matter. I guess a simultaneous release isn't super important, but it's still good to get the system out everywhere in some relatively close timeframe.

It says check your local retailer for price so I'm assuming there's a certain degree of flexibility. I'm wondering if this will replace the 500gb version eventually and we'll see a price drop to clear stock in a couple of months.

I'm guessing the 500GB model will drop to $350 and the 1TB model will be the current standard price of $400. With the new model coming though still pricing the console the same for 500GB (at least in Japan), I don't know if Sony has an official price in mind.

You could be right. It's no accident that Sony have announced these now just after 3 bombshells at E3. Pretty clever move if you ask me.

The move is pretty nice, but announcing the new model with price at the e3 press conference would have been better IMO.

Still some great news. Expecting price drop on 500GB model by the holyday.

More options is a good thing but it's most likely cheaper to upgrade the PS4 HDD by yourself.

The 1GB version has the glossy faceplate and the 500gb version has the matt faceplate. This leads me to believe we'll have a premium price and (like you say) a reduced price for the 500gb version. Sony are just using the E3 hype to shift units at the mement in my opinion.

I imagine they skipped out on announcing any of the PS4 upgrades at E3 just because their launch windows are odd. I mean, the 1TB is launching in Europe next month with currently no word of the US launch. The newest model that was just announced is starting out in Japan at the end of this month and just has the ambigious "it's coming later" for the rest of the world. Not to mention there isn't even a suggested price for the 1TB model. All in all, I don't think Sony was ready to announce at E3 because they didn't have enough information for US releases. It still doesn't seem like they know when anything is coming to the US, really. We just know the new are leaving Japan for one and Europe for the other, um, eventually for the new, and probably eventually for the 1TB.

One might think that would've been something for the press conference.