Sony launching retro video game console PlayStation Classic in December

Sony Playstation Classic
Source: Sony
Sony Playstation Classic

Sony's next video game console is going retro. The electronics giant announced early Wednesday it will sell the PlayStation Classic, a miniature version of its first PlayStation console, on Dec. 3.

Instead of requiring discs to play games, the PS Classic will come pre-loaded with 20 retro games, including "Final Fantasy VII" and "Tekken 3."

The Classic looks exactly like the original PlayStation, which launched in 1994, only the Classic is about 45 percent smaller. It was a huge hit for Sony, becoming the first home video game console to ship 100 million units worldwide.

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The device will sell for $99.99.

Sony is hoping to achieve the same sales success as Nintendo when it launched the NES Classic in 2016. The miniature replica of the 1985 console Nintendo Entertainment System quickly sold out in stores, with some consumers posting eBay listings for the $60 device with prices ranging between $200 and $500.

In April 2017, despite its popularity, Nintendo discontinued sales of the NES Classic, but announced in May plans to bring it back. Last fall, Nintendo launched a similar retro device featuring the Super Nintendo Entertainment System, called the Super NES Classic.

Meanwhile, video game icon Atari is planning to launch its own console with a variety of its classic home video games next year.