PlayStation 5 Is Getting a Price Increase in Europe, Canada, Mexico, Asia, and Australia
The PlayStation 5 is about to rise in price in most major markets, with Sony blaming continued inflation and other global economic problems.
today playstation blogSony announced that it will raise prices for both editions of the PS5 in Europe, the UK, the Middle East, Africa, Asia, Latin America and Canada.
“The global economic environment is a challenge that many people around the world are undoubtedly experiencing,” the blog post said. “High inflation rates and unfavorable trends in currencies globally are impacting consumers and putting pressure on many industries.”
The price increases are as follows.
Europe:
PS5 with Ultra HD Blu-ray Disc Drive – €549.99, up from €499.99
PS5 Digital Edition – €449.99, up from €399.99
England:
PS5 with Ultra HD Blu-ray Disc drive – £479.99, up from £449.99
PS5 Digital Edition – £389.99, up from £359.99
Japan:
PS5 with Ultra HD Blu-ray Disc drive – 54,980 yen, price increase from 49,980 yen
PS5 Digital Edition – 44,980 yen, price increase from 39,980 yen
China:
PS5 with Ultra HD Blu-ray Disc drive – RMB 4,299, up from RMB 3,899
PS5 Digital Edition – 3,499 yuan, price hike from 3,099 yuan
Australia:
PS5 with Ultra HD Blu-ray Disc Drive – AUD $799.95, up from AUD $749.95
PS5 Digital Edition – AUD $649.95, price increase from AUD $599.95
Mexico:
PS5 with Ultra HD Blu-ray Disc Drive – MXN $14,999, up from MXN $13,999
PS5 Digital Edition – MXN $12,499, price increase from MXN $11,499
Canada:
PS5 with Ultra HD Blu-ray Disc Drive – $649.99 CAD, up from $629 CAD
PS5 Digital Edition – $519.99 CAD, up from $499 CAD
Unfortunately, it’s not clear from this blog post if or when this price increase will eventually be reduced again. He concludes the blog post by stating that improving the struggling PS5 supply situation is a top priority.
Sony’s move follows a very similar move by Meta, which increased the price of the Meta Quest 2 to $100 late last month for the same reason. Piers Harding-Rolls, of Ampere Analysis, suggested in his own blog post that Sony’s move was necessary to pass on continued cost increases that hit his component supply chain. doing. Harding-Rolls predicts that the impact on sales from price increases will be “minimal” as demand continues to be high, adding that so far there’s no indication Microsoft will do the same. However, Sony’s price increases could be used to boost the value of its own hardware.
Ampere Analysis estimates that as of June 2022, Sony has sold 21 million PS5 units, compared to 13.8 million Xbox series consoles.
Rebekah Valentine is a news reporter for IGN. you can find her on her twitter @duck valentine.
