PS5 is the latest gaming console to get a price increase

Sony has announced that it is raising the price of the PlayStation 5 in retail stores in select markets due to inflation and currency trends. Notably, the price in the US will not be affected.

Jim Ryan, CEO of PlayStation at Statement on the PlayStation Blog. “We are seeing high global inflation rates, as well as currency opposite trends, which are affecting consumers and creating stress in many industries.”

The price increase will affect both the digital and disc versions of the console. The new prices are as follows:

  • Europe
    • PS5 with Ultra HD Blu-ray drive – 550 euros
    • PS5 Digital Edition – 450€
  • United kingdom
    • PS5 with Ultra HD Blu-ray Drive – £480
    • PS5 Digital Edition – £390
  • Japan (as of 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 – 4299 Yuan
    • PS5 Digital Edition – 3,499 yuan
  • Australia
    • PS5 with Ultra HD Blu-ray Drive – AUD $800
    • PS5 Digital Edition – AU$650
  • Mexico
    • PS5 with Ultra HD Blu-ray Drive – 14999 MXN
    • PS5 Digital Edition – 12499 Mexican Pesos
  • Canada
    • PS5 with Ultra HD Blu-ray Drive – CAD 650
    • PS5 Digital Edition – $520 CAD

The video game market has been hit hard by the global shortage of semiconductors, which is certainly one of the factors that led to this price increase. It’s uncertain whether the price increase will eventually come to the US, as Sony can always change its mind in the future.

Sony is also not the only company that is raising the price of its products. Meta has raised the price of Quest 2 by $100 in the past month. A few weeks ago, Nintendo confirmed it Switch price will not increaseWhile Microsoft has not publicly announced anything regarding the price of the Xbox Series X/S.

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