The PlayStation 5 is about to get more expensive in most major markets, and Sony says continuing inflation and other global economic issues can be blamed.
Today on the PlayStation Blog, Sony announced that it will increase the price of both editions of the PS5 in Europe, the United Kingdom, the Middle East, Africa, Asia, Latin America, and Canada. The United States appears to be the only major market not getting a price increase.
“The global economic environment is a challenging one that many of you around the world are no doubt experiencing,” the blog post states. “We are seeing high rates of global inflation, as well as adverse currency trends, affecting consumers and putting pressure on many industries.”
The price increases are as follows:
PS5 with Ultra HD Blu-ray Disc Drive: €549.99, vs. €499.99
PS5 Digital Edition: €449.99, up from €399.99
PS5 with Ultra HD Blu-ray Disc Drive: £479.99, down from £449.99
PS5 Digital Edition: £389.99, down from £359.99
PS5 with Ultra HD Blu-ray Disc Drive: ¥54,980 yen, vs. ¥49,980
PS5 Digital Edition: ¥44,980 yen, up from ¥39,980
PS5 with Ultra HD Blu-ray Disc Drive: ¥4,299 yuan, up from ¥3,899 yuan
PS5 Digital Edition: ¥3,499 yuan, up from ¥3,099 yuan
PS5 with Ultra HD Blu-ray Disc Drive: AUD$799.95, down from AUD$749.95
PS5 Digital Edition: AU$649.95, vs. AU$599.95
PS5 with Ultra HD Blu-ray Disc Drive: MXN$14,999, starting at MXN$13,999
PS5 Digital Edition: MXN $12,499, starting at MXN $11,499
PS5 with Ultra HD Blu-ray Disc Drive: CAD649.99 vs. CAD629
PS5 Digital Edition: $519.99 CAD, vs. $499 CAD
Unfortunately, it’s unclear from the blog post if or when this price increase will eventually drop again. Sony concludes its blog post by stating that its top priority is to improve the supply situation for the PS5, which has struggled since the console’s launch due to ongoing chip shortages.
Sony’s move follows a very similar one by Meta, which raised the price of Meta Quest 2 by $100 late last month for the same reasons. Piers Harding-Rolls of Ampere Analysis suggests in his own blog post that Sony’s move was necessary to pass on ongoing cost increases affecting the component supply chain. Harding-Rolls predicts that the price increase will have a “minimal impact” on sales due to continued high demand, adding that for now there is no indication that Microsoft will make the same move. However, you can take advantage of Sony’s price increase to boost the value of your own hardware.
New Sony PlayStation 5 Console Skins and DualSense Colors
Ampere Analysis estimates that Sony has sold 21 million PS5s through June 2022, while Xbox Series consoles have sold 13.8 million.
Rebekah Valentine is a news reporter for IGN. You can find her on Twitter @patovalentine.