Sony announces PS5 price rise for certain global territories

The cause is the “global economic environment”.

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Sony Interactive Entertainment have announced that they are officially raising the retail price of their PS5 hardware in certain territories around the world (Europe included).


The news was announced in a blog post and we can see the President and the CEO citing the “Global economic environment” as the key reason behind the price increase.


The global economic environment is a challenge that many of you around the world are no doubt experiencing,” wrote Ryan. “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 of PlayStation 5 in select markets across Europe, the Middle East, and Africa, Asia-Pacific, Latin America, as well as Canada. There will be no price increase in the United States.”


The new PS5 console prices in these districts are as follows:

Europe: (around €50 rise)
PS5 with Ultra HD Blu-ray disc drive – €549.99
PS5 Digital Edition – €449.99

UK: (around £30 GBP rise)
PS5 with Ultra HD Blu-ray disc drive – £479.99
PS5 Digital Edition – £389.99

Japan: (around ¥5,000 rise)
PS5 with Ultra HD Blu-ray disc drive – ¥60,478 yen (including tax)
PS5 Digital Edition – ¥49,478 yen (including tax)

China: (around 400RMB rise)
PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan
PS5 Digital Edition – ¥3,499 yuan

Australia: (around $50 AUD rise)
PS5 with Ultra HD Blu-ray disc drive – AUD $799.95
PS5 Digital Edition – AUD $649.95

Mexico: (around 1,000 pesos rise)
PS5 with Ultra HD Blu-ray disc drive – MXN $14,999
PS5 Digital Edition – MXN $12,499

Canada: (around $20 CAD rise)
PS5 with Ultra HD Blu-ray disc drive – CAD $649.99
PS5 Digital Edition – CAD $519.99


Overall, the PS5 hardware sales shouldn’t be affected by this selective price increase. That being said, it will be interesting to see what Microsoft’s response will be given the fact that Xbox Series X|S is already cheaper than Sony’s hardware.