Sony will increase PlayStation 5 console prices in the US by $50 across all models on August 21: the standard PS5 to $550, the Digital Edition to $500, and the PS5 Pro to $750. The company attributes the hikes to market uncertainty and a challenging economic environment. Accessories prices will remain unchanged for now and no additional market changes were announced. Sony previously raised PS5 prices in the UK, Europe, and Australia in April and raised PS Plus prices in several markets. Nearly five years into the generation, expected console price cuts have not occurred.
Sony held out longer than Microsoft and Nintendo, but it too is increasing the prices of PlayStation consoles in the US starting on August 21. The standard PS5 (the one with with a disc drive) will now run you $550, up from $500. The Digital Edition is $500, up from $450. The PS5 Pro, meanwhile, will require you to fork over a whopping $750. That's up from an already-eyewatering $700. In other words, each console got a $50 price bump.
Sony says it's rolling out the price increases due to (you guessed it) market uncertainty. "Similar to many global businesses, we continue to navigate a challenging economic environment," it said in a blog post. "As a result, we've made the difficult decision to increase the recommended retail price for PlayStation 5 consoles in the US starting on August 21." The silver lining to this is that Sony isn't increasing the prices of accessories for the time being. "We have no other price changes to announce for additional markets," the company added.
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