Sony Announces PS5 Price Increase in Multiple Countries
It’s been frustratingly difficult for many people to get their hands on a PlayStation 5 or Xbox Series X since the new console generation kicked off in November 2020. This was attributed largely to an ongoing global computer chip shortage that is expected to last into 2024, according to Intel. Despite this, at least the Xbox Series X seems to have become slightly more accessible, with people on social media sharing purchases made from random finds in brick-and-mortar stores.
In tandem with the perceptible increase in availability of the now current-gen consoles, there were also recently rumors that PS5 prices would increase which Sony refused to comment on. Now that rumor has been confirmed as fact by the company in an announcement post on its official blog. These price increases will take place immediately, except in Japan where they go into effect on September 15, 2022. It’s not clear how quickly storefronts will react to the change.
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The recommended retail price for the PlayStation 5 will be increased in Europe, the UK, Canada, Japan, China, Australia, and Mexico. At this time, there will not be a price increase in the United States, though that doesn’t guarantee there won’t be one in the future. According to the blog post, Sony is adjusting PS5 prices due to general inflation, which is taking place globally since the coronavirus pandemic negatively impacted economies beginning in 2020. The company also cited “adverse currency trends” as a reason.
The new manufacturer recommended retail prices for the PS5 are listed here.
In general, these price increases may not seem significantly substantial, depending on who is asked. For example, in the UK, the disc drive model of the PS5 could
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