[Update] PlayStation 5 Price Increased In Multiple Non-US Markets, Microsoft Responds

gameinformer.com:

Update, 8/25/22, 2:58 p.m.

Following news from Sony Interactive Entertainment earlier today that it has raised the price of the PlayStation 5 in multiple non-U.S. markets, Microsoft has revealed that it will not follow suit. 

A Microsoft spokesperson told Windows Central that the company has no plans to raise the price of the Xbox Series X/S consoles. 

«We are constantly evaluating our business to offer our fans great gaming options,» the spokesperson told the publication. «Our Xbox Series S suggested retail price remains at $299 (£250, €300) [and] the Xbox Series X [remains] $499 (£450, €500).”

The original story continues below...

Original Story, 8/25/22, 8:09 a.m.

Sony Interactive Entertainment revealed that it raised the price of PlayStation 5 consoles, both the digital disc drive editions, in multiple markets around the world. 

This news comes from a blog post released by the company today detailing the price increase, why it’s happening, and what markets are affected. Sony says the cause of the price increase is the result of the current economic environment of the world, including high inflation rates and more. 

“The global economic environment is a challenge that many of you around the world are no doubt experiencing,” the post from SIE president and CEO Jim Ryan reads. “We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries. Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) of PlayStation 5 in select markets across Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), as well as Canada. There will be no price increase in