Looking to buy a PlayStation 5?
It’s now going to cost you about US$50 more, depending on where you’re buying it.
Sony says it’s hiking the price of its PS5 due to “challenging economic conditions”, ie: high inflation rates, rising material costs and fluctuating currency trends.
In a blog post, Sony said it will increase prices in “select markets” across Europe, Middle East and Africa, the Asia-Pacific, Latin America as well as Canada.
Prices in the United States will not be affected for now.
That means a PS5 Digital Edition will cost now you €449.99 in Europe (up from €399.99), ¥49,478 (up from ¥43,978) in Japan and CAD$519.99 (up from CAD$499.99) in Canada.
The price increase takes place immediately, except in Japan where it starts on 15 September.
In a statement, Sony Interactive Entertainment’s CEO and President Jim Ryan said the added costs were a “necessity”, given the current global economic environment and its impact on the company’s business.
He said Sony’s top priority will continue to be improving the PS5 supply situation – issues with the global supply chain have resulted in PS5s being extremely hard to come by since the console launched in late 2020.
*Featured image from Sony
By Samantha Chan \ 10:45, 31 August 2022