Official statement from Sony about PS5 prices has been released. The company announced that it has updated PS5 prices around the world. Following a different price policy according to regions and economic differences, Sony increased the PS5 prices.
PS5 prices have increased
The PlayStation 5’s suggested retail price has increased in several areas due to the present state of the world economy, according to Sony Interactive Entertainment. With a suggested retail price of $499 USD, the PlayStation 5 was priced to compete with Microsoft’s Xbox Series X.
Since its release in November 2020, many people have found it difficult to get a Sony PlayStation 5 due to the time’s online-only transactions, which scalpers abused. In order to avoid paying the inflated costs that the Scalper market was providing on resale sites like eBay, many people who were considering purchasing the most recent PlayStation console waited until there was more stock and the option to buy the console in stores. Unfortunately, people who may have delayed buying the console because of these factors or because they were hoping for the long-rumored PlayStation 5 Pro will now have to pay more than it did when it was first released.
Sony Interactive Entertainment has decided to raise the recommended retail price (RRP) of the PlayStation 5 for both the digital and physical disc versions in a number of markets throughout Europe, the Middle East, and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), and Canada. The price changes are effective right away in the majority of these markets. Ryan attributed this to the current state of the world economy, which is characterized by high rates of global inflation and a negative trend in currency values.
Fortunately, Sony’s statement noted that there won’t be a price rise in the US, which is good news for anybody planning to buy a PlayStation 5 there. Since the current level of inflation is a global concern, it is unclear why exactly this is the case. However, these are the new prices for a PS5 in the regions that Sony claims are impacted:
How much a PS5 now costs?
- PS5 with Ultra HD Blu-ray disc drive – €549.99
- PS5 Digital Edition – €449.99
- PS5 with Ultra HD Blu-ray disc drive – £479.99
- PS5 Digital Edition – £389.99
Japan (effective Sept. 15, 2022)
- PS5 with Ultra HD Blu-ray disc drive – ¥60,478 yen (including tax)
- PS5 Digital Edition – ¥49,478 yen (including tax)
- PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan
- PS5 Digital Edition – ¥3,499 yuan
- PS5 with Ultra HD Blu-ray disc drive – AUD $799.95
- PS5 Digital Edition – AUD $649.95
- PS5 with Ultra HD Blu-ray disc drive – MXN $14,999
- PS5 Digital Edition – MXN $12,499
- PS5 with Ultra HD Blu-ray disc drive – CAD $649.99
- PS5 Digital Edition – CAD $519.99
Console costs have been a hot topic for Sony for a long time. Due to reasons such as global inflation crises and supply problems, the company increased the PS5 prices. Sony, which will immediately apply the new prices everywhere (In Canada, Mexico, Europe, UK, Middle East, Africa, Latin America, China and Australia) except Japan, will wait until September 15 in Japan.
On the other hand, Sony recently introduced the new DualSense Edge controller device. For now, there is no clear information about whether the company’s hike decision will affect the equipment. It is likely that only PS5 consoles will be affected by these hikes for now.