PlayStation confirms price increase for the PS5 console

Are you thinking of getting a PlayStation 5 in the coming months? You may need to check your budget. The PS5 is not only hard to come by, it’s now even more expensive.

PlayStation confirmed today that they will be raising the price of their highly sought-after console, saying the increase is a “necessity given the current global economic environment.”

sony ps5
PlayStation 5 consoles are receiving a $50 price increase in Australia. (sony)

The original price for the disc version of the console was set at $749.95, now gamers can expect to pay an additional $50 on top of that.

In a statement, Sony Interactive Entertainment CEO Jim Ryan says high inflation rates and adverse currency trends are putting pressure.

“The global economic environment is a challenging one that many of you around the world are no doubt experiencing. We are seeing high rates of global inflation, as well as adverse currency trends, affecting consumers and creating pressure on many industries,” Ryan said. .

“Based on these challenging economic conditions, SIE has made the difficult decision to increase the PlayStation 5 Recommended Retail Price (RRP) in select markets.”

Those in the United States have been spared a price increase.

These are the new prices in Australia:

  • PS5 with Ultra HD Blu-ray Disc Drive – $799.95
  • PS5 Digital Edition – $649.95
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More information on the price increase can be found in the latest version of PlayStation. blog post.

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