PS5 Price Increase Officially Confirmed For Most Countries

Games PS5 Price Increase Officially Confirmed For Most Countries Kris Holt Contributor Opinions expressed by Forbes Contributors are their own. I cover all things games, especially Overwatch. New! Follow this author to stay notified about their latest stories.

Got it! Aug 25, 2022, 07:40am EDT | New! Click on the conversation bubble to join the conversation Got it! Share to Facebook Share to Twitter Share to Linkedin The PS5 is now more expensive in most countries. Future Publishing via Getty Images via Getty Images There’s some bad news if you haven’t been able to get your hands on the PlayStation 5 in the 21 months since it was released. Sony has announced a price increase for the PS5 in many countries.

It pinned the blame on global economic pressures, including high inflation rates and “adverse currency trends. ” The price changes are effective immediately in most key markets. They apply to the U.

K. , Canada, Europe, Japan, China, Australia and Mexico. There is no price increase in the United States for now.

A PlayStation Blog post does not mention specific changes elsewhere. However, it notes that some markets in the Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC) and Latin America (LATAM) regions may also see price increases. Folks in the UK will now have to pay an extra 6% or so for a PlayStation 5.

In Europe, the price increase is around 10%. Meanwhile, in Japan (where the increase will be effective as of September 15), the PS5 price is going up by a whopping 21 percent. The price increase is more modest in Canada, where both versions of the console are $20 (around 3 percent) more expensive.

Here’s the list of new prices, according to PlayStation Blog: Europe MORE FOR YOU ‘Demon Slayer’ Season 2 Finally Has An Actual 2021 Release Date Netflix’s ‘Squid Game’ Season 2 Not A Sure Thing, Says Director ‘Genshin Impact’ Still Refuses To Increase Anniversary Rewards, Despite Fan Outcry PS5 with Ultra HD Blu-ray disc drive – €549. 99 PS5 Digital Edition – €449. 99 U.

K. PS5 with Ultra HD Blu-ray disc drive – £479. 99 PS5 Digital Edition – £389.

99 Japan PS5 with Ultra HD Blu-ray disc drive – ¥60,478 yen (including tax) PS5 Digital Edition – ¥49,478 yen (including tax) China PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan PS5 Digital Edition – ¥3,499 yuan Australia PS5 with Ultra HD Blu-ray disc drive – AUD $799. 95 PS5 Digital Edition – AUD $649. 95 Mexico PS5 with Ultra HD Blu-ray disc drive – MXN $14,999 PS5 Digital Edition – MXN $12,499 Canada PS5 with Ultra HD Blu-ray disc drive – CAD $649.

99 PS5 Digital Edition – CAD $519. 99 “While this price increase is a necessity given the current global economic environment and its impact on [Sony Interactive Entertainment’s] business, our top priority continues to be improving the PS5 supply situation so that as many players as possible can experience everything that PS5 offers and what’s still to come,” Sony Interactive Entertainment CEO Jim Ryan wrote. You’d be expecting to see price cuts for the PS5 at this point, almost two years into the console’s life cycle.

But the increases are, unfortunately, understandable. The global economy has been an absolute shambles over the last few months. Many companies are feeling the sting of that and the ongoing component supply chain crisis that’s had a stranglehold on manufacturing over the last couple of years.

It seems unlikely that the price increase will result in reduced sales for Sony. The PlayStation 5 is still in high demand due to limited supply and the new retail prices are still lower than what you’d have to pay scalpers, for the most part. The move follows Meta increasing the price of the Meta Quest 2 virtual reality headset by $100 last month.

Sony, meanwhile, plans to release PlayStation VR 2 and a premium DualSense controller in the coming months. It has not announced the prices for either as yet, but you probably shouldn’t expect them to be cheap. Microsoft and Nintendo haven’t given any indication that they plan to increase Xbox or Switch prices as yet.

Still, the idea of cloud gaming might be starting to look pretty appealing to some folks right now. Follow me on Twitter or LinkedIn . Check out some of my other work here .

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