President and CEO of Sony Computer Entertainment of America Jack Tretton, in an interview with Bloomberg, claims that Playstation is the definition of videogaming. Tertton believes that the PS4 has the best line up of games and that Sony are extremely confident with the future for their newly launched console.

“We’ve always been console leaders,” he said. “We’re at 80 million plus [sales] on the PlayStation 3, which is on par with our competition. We’re relevant on a worldwide basis and have been for three generations in a row. We really think PlayStation defines gaming, and PlayStation 4 is our best effort yet.”

Tretton also briefly discussed the price advantage the PS4 has over their competition.

“$399, $100 cheaper than the other new entrant on the market, far and away the best lineup of games, 180 games in development, 23 on day one, and far and away the most powerful console,” he said.

Earlier in the year Tertton explained that despite having the price difference, it does not guarantee PS4’s immediate dominance over Xbox One, but being cheaper doesn’t hurt.

The PS4 launched at midnight today. The system will make its debut in Europe on November 29.