Although supply has yet to come close to matching demand, Sony has confirmed that the PS5 it’s been waiting two years to get its hands on is now rising in price. Announced last week, Sony confirmed via its official blog that the company plans to increase the price of its PS5 consoles in various regions, effective immediately. This includes Australia, as well as Europe, Japan, China, Mexico and Canada, all markets that will see the price of the PS5 increase.
Of course, it is not a decisive price increase, but an increase anyway. All of the aforementioned markets (the US is strangely excluded, with no explanation as to why) will see the price of the new PS5 increase by roughly $50 per unit. Given that a regular PS5 console in Australia right now would cost $749, you can now expect to shell out around $800. That’s the disc version, by the way; the digital-only PS5 right now is $600, so you can expect to pay $650.
In general, a price increase was perhaps expected eventually. Sony recently confirmed that the PS5 is actually selling at a loss despite worldwide supply shortages. Whether or not a $50 raise will help the company make some profit remains to be seen, but despite that, it’s disappointing to see all of this being passed on to the consumer in the face of a cost-of-living crisis.
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In a statement explaining pricing for the new PS5, Sony pointed to high inflation and “adverse currency trends” as well as ongoing issues with the global supply chain that have already made the PS5 a rare find. In fact, since the PS5 launched in November 2020, supply has been so slim that a quick Google search will turn up multiple tips and tricks on how to rate a PS5.
Both Microsoft and Nintendo have already snubbed Sony’s announcement by not promising the Xbox Series X | S nor the Nintendo Switch will see price increases in the near future. This could always change, of course, but it’s clear that public sentiment against Sony right now isn’t that great.
Aside from writing “there will be no price increase in the US”, Sony has given no indication as to why Americans are exempt from the price increase.
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Sony has already published a list of all the new PS5 prices in the various regions mentioned above. Is it so:
- Australia: A$799.95 (regular); A$649.95 (digital)
- Europe: €549.99 (Regular); €449.99 (Digital)
- UK: £479.99 (Regular); £389.99 (Digital)
- Japan: 60,478 yen (regular); ¥49,478 yen (Digital)
- Porcelain: ¥4,299 yuan (Normal); ¥3,499 yuan (Digital)
- Mexico: MXN $14,999 (Regular); MXN $12,499 (Digital)
- Canada: CAD649.99 (regular); $519.99 CAD (Digital)