Initialize PS4 operates in the same way as the Reset Your Console option does on the PS5. If you are looking to factory reset your PS4 before giving it away or selling it, selecting Initialize PS4 ...

PS4 firmware 4.50 has finally been released after several betas, and its biggest feature is the debut of external hard drive support. Want to store more games on the cheap? This guide has you covered.

Should you have sold your old PS4 or traded it in on a PS4 Pro - or just want to start over fresh - you can skip the data transfer process by hitting Cancel when asked if you want to move data.