Citing The Inflation, Sony Increases PS5 Prices In Some Countries

August 25, 2022 By Raulf Hernes

(Image Credit Google)

Jim Ryan, President and CEO of Sony Interactive Entertainment, stated, “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.” Sony blames the global economic challenges for the price hike. As a result, they will increase the PS5 price in Europe, the UK, China, Japan, Mexico, Australia, and Canada. The price change will be brought into effect immediately after leaving Japan which is slated to start on Sept. 15.

The supply chain is a big issue in most markets even though Sony is increasing the PS5 price. Ryan stated, “Our top priority continues improving the PS5 supply situation so that as many players as possible can experience everything that PS5 offers and what’s still to come.” Below is the list of the new price and the old price with respective countries UK

The earlier price of PS5 with Ultra HD Blu-ray disc drive was £449.99, which will change to £479.99
PS5 Digital Edition will change from £359.99 to £389.99

Europe

PS5 with Ultra HD Blu-ray disc drive was €499.99 and now is €549.99
PS5 Digital Edition was €399.99 and now €449.99

China

PS5 with Ultra HD Blu-ray disc drive was ¥3,899 and now ¥4,299
PS5 Digital Edition was ¥3,099 and is now ¥3,499

Mexico

PS5 with Ultra HD Blu-ray disc drive costs MXN 13,999 and now will be costing MXN 14,999
PS5 Digital Edition MXN 11,499 before and now will be available at MXN 12,499

Australia

PS5 with Ultra HD Blu-ray disc drive used to cost AUD 749.95 and now will be AUD 799.95
PS5 Digital Edition used to be available at AUD 599.95 and now will cost AUD 649.95

Canada

PS5 with Ultra HD Blu-ray disc drive was $629.99 before and now will be CAD 649.99
PS5 Digital Edition used to cost $499.99 and now will be available for CAD 519.99

In Japan, the new price will be effective from Sept. 15, 2022

PS5 with Ultra HD Blu-ray disc drive was ¥49,980 and now will be 60,478 yen
PS5 Digital Edition was priced at ¥39,980 and now will be 49,478 yen

A price hike is inevitable as inflation hits Sony and other companies. However, while Sony is increasing its price worldwide, the company stated that the price would remain the same in the US.

By Raulf Hernes

If you ask me raulf means ALL ABOUT TECH!!

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