It’s true: In just over 12 months, a new PlayStation and a new Xbox are scheduled to launch.

For those of you keeping score at home, that’s the fifth PlayStation and fourth Xbox generation. As such, it’s likely that the next PlayStation is called PlayStation 5. The next Xbox’s name is anyone’s guess — it’s currently codenamed “Project Scarlett” by Microsoft.

Though neither has gotten the full showcase treatment just yet, both Sony and Microsoft have detailed the consoles with a surprising amount of specificity. As such, we’ve broken down the similarities and differences below — here’s how the two consoles stack up:

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