just Sony announced that, thanks to “challenging economic conditions”, the price of the PlayStation 5 is about to go up upwards in many major markets such as Japan, Europe and Canada.
Indeed, it appears that the US nothing but major PlayStation area to not are seeing a price hike, with buyers everywhere from China to Australia to Mexico also getting into trouble.
For example, I’m in Australia and last year I bought my PS5 disc version in the store for AUD$750. It’s going to cost AUD$800 now. In the UK, the disc edition goes from £450 to £480, while in the EU it goes from €500 to €550.
The full list of affected regions and the new recommended retail prices – which are effective immediately except for Japan – are below:
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 September 15, 2022)
PS5 with Ultra HD Blu-ray Disc Drive – ¥ 60,478 yen (including VAT) PS5 Digital Edition – ¥ 49,478 yen (including VAT)
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 $14,999PS5 Digital Edition – MXN $12,499
PS5 with Ultra HD Blu-ray Disc Drive – CAD $649.99PS5 Digital Edition – CAD $519.99
Sony’s full statement follows:
The global economic environment is a challenge that many of you around the world are undoubtedly experiencing. We are seeing high global inflation rates, as well as unfavorable currency trends, impacting consumers and putting 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 in Europe, the Middle East and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), as well as Canada. There will be no price increase in the United States.
While this price increase is a necessity given the current global economic environment and its impact on SIE’s business, our top priority remains to improve the PS5 supply situation so that as many players as possible can experience all that PS5 offers and what is yet to come.
Thank you for your continued support.
The PlayStation 5 launched nearly two years ago and you would now expect consoles to see price cuts, not increases (the PS4 got its first cut in 2015, two years after its release, for example). This is indeed the first time I can ever remember that the price of a console goes up like that across the board. On the other hand, I can’t remember ever launching a console during a pandemic. global chip shortage and inflation crisis.