PS5 is the latest gaming hardware to get a price hike

digitaltrends.com:

Sony announced that it is increasing the price of the PlayStation 5 at retail in select markets due to inflation and currency trends. Notably, the price in the U.S. will not be affected.

“The global economic environment is a challenge that many of you around the world are no doubt experiencing,” says PlayStation CEO Jim Ryan in a statement on the PlayStation Blog. “We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries.”

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

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

Sony also isn’t the only company to increase the price of its products. Meta hiked up the price for Quest 2 by $100 last month. A few weeks ago, Nintendo confirmed that it would not increase the price of the Switch, while Microsoft has not publicly stated anything regarding the price of the Xbox Series X/S.