September 28, 2022

Sony announces that the retail price of the PlayStation 5 is going up

Sony announces that the retail price of the PlayStation 5 is going up

Nearly two years into the life of the PlayStation 5, Sony is taking an extraordinary step reinforced The price of the current generation console. Sony Interactive Entertainment President and CEO Jim Ryan said Thursday that the company will increase the retail price of the PS5 in Canada, Mexico, Europe, the United Kingdom, Australia, Japan and China, but apparently not in the United States.

Ryan said in a post on Sony PlayStation Blog High global inflation rates and adverse currency trends are “affecting consumers and creating pressures on many industries”. Ryan blamed “difficult economic conditions” for announcing the decision.

Ryan said: “While this price increase is necessary given the current global economic environment and its impact on SIE’s business, our top priority remains improving the PS5’s supply situation so that as many gamers as possible can experience all that PS5 has to offer and what comes next.” .

Here are the updated prices for Sony’s PlayStation 5 models, effective immediately, excluding Japan:

Europe

  • PS5 with Ultra HD Blu-ray Drive – €549.99 (+ €50 launch price)
  • PS5 Digital Edition – €449.99 (+ €50 launch price)

United kingdom

  • PS5 with Ultra HD Blu-ray Drive – £479.99 (+ £30 launch price)
  • PS5 Digital Edition – £389.99 (+ £30 launch price)

Japan (Effective on September 15, 2022)

  • PS5 with Ultra HD Blu-ray Drive – 60,478 yen (tax included)
  • PS5 Digital Edition – 49478 yen (tax included)

China

  • PS5 with Ultra HD Blu-ray Drive – ¥4,299 yuan
  • PS5 Digital Edition – 3499 JPY

Australia

  • PS5 with Ultra HD Blu-ray Drive – AU$799.95 (+AU$50 from launch price)
  • PS5 Digital Edition – AU$649.95 (+AU$50 from launch price)

Mexico

  • PS5 with Ultra HD Blu-ray Drive – MXN $14,999 (+ MXN $1000 launch price)
  • PS5 Digital Edition – MXN $12,499 (+ MXN $1,000 launch price)

Canada

  • PS5 with Ultra HD Blu-ray Drive – CAD 649.99 (+ CAD 20 launch price)
  • PS5 Digital Edition – CAD 519.99 (+ CAD 20 from launch price)

The standard PlayStation 5 still costs $499.99 in the US, while the PS5 digital version without discs costs $399.99.

Sony’s move comes on the heels of a similar pricing update from Meta, which Quest 2 VR Headset Price Raised by $100 in the United States in August. But this step, as mentioned earlier, is unusual. The cost of console hardware is usually lowered over time by hardware manufacturers in an effort to attract more price-conscious customers. But Sony has struggled to match the PS5’s supply with its demand, and component costs, especially semiconductors, remain restricted.

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