PS5

Sony is increasing the price of its PS5 consoles across Europe, in the UK, and many more locations. Sony blames global economy woes, including high rates of ...

- PS5 with Ultra HD Blu-ray disc drive – MXN $14,999 (MXN $13,999 before) - PS5 with Ultra HD Blu-ray disc drive – AUD $799.95 (AUD $749.95 before) - PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan (¥3,899 yuan before) “Our top priority continues to be improving the PS5 supply situation so that as many players as possible can experience everything that PS5 offers and what’s still to come,” says Ryan. “Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) of PlayStation 5 in select markets across Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), as well as Canada.” While Sony is increasing PS5 prices in many parts of the world, it says there won’t be a price increase in the US.

Sony announced an unprecedented price-hike for the PlayStation 5 console today, in a move that has gamers scratching their heads in disbelief.

. . It’s a great VR headset but a price increase was not what anyone was expecting. - PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan - PS5 with Ultra HD Blu-ray disc drive – £479.99 - PS5 with Ultra HD Blu-ray disc drive – €549.99 “We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries,” the company informs us in a blog post.

Sony on Thursday raised the recommended retail price of its PlayStation 5 games console in several international markets citing the global economic ...

Sales at Sony's gaming unit declined 2% year-on-year in the June quarter while operating profit plunged nearly 37%. - Canada: 20 Canadian dollars increase to 649.99 Canadian dollars for the disc version and 519.99 Canadian dollars for the digital model - Australia: 50 Australian dollar increase to 799.95 Australian dollars for the disc version and 649.95 Australian dollars for the digital model - China: 400 yuan increase to 4,299 yuan for the disc version and 3,499 yuan for the digital model "We're seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries." - Japan: 5000 yen increase to 54,980 yen for the disc version and 44,980 yen for the digital model

As inflation continues to be a problem, many wonder if Xbox or Nintendo will raise console prices like Sony.

Still, this statement leaves the subject of pricing open for Nintendo to change prices on the Switch if needed. “Our competition is the variety of entertainment in the world,” said Furukawa. So of course, if Sony does something, people have to pick sides and start asking questions about Xbox and Nintendo. [the PlayStation 5 would see a price increase](https://blog.playstation.com/2022/08/25/ps5-price-to-increase-in-select-markets-due-to-global-economic-environment-including-high-inflation-rates/) as a result of inflation. Microsoft’s response is a bit wishy-washy, mentioning no firm plans one way or the other. This is the internet, after all, a place where people constantly yell at each other about which console is better or worse and concoct conspiracies to explain why sites write good or bad news about consoles.

The price of the console will jump by 10 per cent in Europe, with similar increases coming in Japan, China, Australia, Mexico and Canada, it said. Sony blamed ...

All of the price changes will go into effect immediately, with the exception of the increase in Japan. He said that the decision to increase the price was “difficult”. Sony will substantially increase the price of the PlayStation 5, it has said.

Xbox will not be raising the price of its Xbox Series X or Series S consoles anytime soon.

Sony blames high inflation rates and "challenging economic conditions" for the increase. [Xbox Series S](/games/reviews/xbox/154429-xbox-series-s-review) £249.99, therefore. [Xbox Series X](/games/reviews/xbox/154432-xbox-series-x-review) or Series S consoles anytime soon.