sony only Announced that, thanks to “challenging economic conditions”, the price of the PlayStation 5 is about to go up up in a lot of big markets like Japan, Europe and Canada.
In fact, it seems that the US is the only PlayStation’s main territory for No will see prices rise, with buyers everywhere from China to Australia to Mexico also taking a hit.
I’m in Australia, for example, and last year I bought my retail disc version of PS5 for AUD$750. Now it’ll be AUD$800. In the UK, the disc edition goes from £450 to £480, while which in the EU ranges from €500 to €550.
The full list of affected regions and the new recommended retail prices, which in addition to Japan are effective immediately, are below:
PS5 with Ultra HD Blu-ray Disc Drive: €549.99 PS5 Digital Edition: €449.99
PS5 with Ultra HD Blu-ray Disc Drive: £479.99 PS5 Digital Edition: £389.99
Japan (as of September 15, 2022)
PS5 with Ultra HD Blu-ray Disc Drive: 60,478 yen (including tax) PS5 Digital Edition: 49,478 yen (including tax)
PS5 with Ultra HD Blu-ray Disc Drive: 4,299 yuan PS5 Digital Edition: 3,499 yuan
PS5 with Ultra HD Blu-ray Disc Drive: A$799.95 PS5 Digital Edition: A$649.95
PS5 with Ultra HD Blu-ray Disc Drive: MXN$14,999PS5 Digital Edition: MXN$12,499
PS5 with Ultra HD Blu-ray Disc Drive: CAD $649.99PS5 Digital Edition: CAD $519.99
Here is Sony’s full statement:
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 putting pressure on many industries. Based on these difficult economic conditions, SIE has made the difficult decision to increase the PlayStation 5 Recommended Retail Price (RRP) in select markets in Europe, Middle East and Africa (EMEA), Asia-Pacific (APAC), Latin America ( LATAM), as well as Canada. There will be no price increase in the United States.
While this price increase is a necessity given the current global economic environment and its impact on SIE’s business, our top priority remains improving the supply situation for PS5 so that as many gamers as possible can experience all that it has to offer. PS5 and what is to come.
Thank you for your continued support.
The PlayStation 5 launched nearly two years ago, and by now you’d expect consoles to see price cuts, not increases (the PS4, for example, got its first cut in 2015, two years after launch). In fact, this is the first time I can ever remember that the price of a console goes up across the board this way. On the other hand, I can’t remember launching a console in the middle of a pandemic, global chip shortage and inflation crisis either.