Sony has raised prices for most of its PlayStation 5 consoles in the UK, Europe, Australia, and New Zealand by 10-15%, attributing this increase to a challenging economic environment and high inflation. The price adjustment comes as tariffs on imports from China add to costs, suggesting a US price hike may follow suit. While the Digital Edition sees uniform increases across all affected markets, the standard version only sees increases in Australia and New Zealand. This is Sony's second price increase for the PS5 since August 2022, stemming from similar economic pressures.
Sony has cited a challenging economic environment for its latest price increase on PlayStation 5 hardware, which has risen by 10-15% in certain markets.
With US import costs rising due to tariffs, a price increase in the US market seems inevitable. Analysts predict that Sony may have to raise PS5 prices in the key US market soon.
This marks the second significant price hike for the PS5 in many regions since August 2022, reflecting ongoing concerns about global inflation and currency fluctuations.
While Sony adjusts the PS5 pricing outside the US, the upcoming Switch 2 console by Nintendo has yet to reveal its pricing strategy.
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