Sony hikes the prices of PlayStation 5 by up to 10%

• Sony has announced a price hike for the PlayStation 5.
• The company has hiked the prices by up to 10%.
• Sony has blamed rising inflation and currency fluctuations for the increased prices.

Sony has announced that it is increasing the PlayStation 5 prices in several markets such as Europe, Middle East, Asia-Pacific, Africa, Latin America and Canada. The company has said prices for the US will not change.

As per the blog post by Sony, it has increased the prices due to “challenging economic conditions”. The company has blamed “high global inflation rates” and “adverse currency trends” for the increased prices.

“We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries,” Jim Ryan, the chief executive officer of Sony Interactive Entertainment said in a blog post.

“Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) of PlayStation 5 in select markets across Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), as well as Canada,” Ryan added.

The company has increased the prices of both the disc and digital editions of the PlayStation 5. The company has raised the prices by up to 10% in Europe and Japan, while the UK has received a 6% hike.

“While this price increase is a necessity given the current global economic environment and its impact on SIE’s business, our top priority continues to be improving the PS5 supply situation so that as many players as possible can experience everything that PS5 offers and what’s still to come,” Ryan added.

The company has not mentioned the new price of the PlayStation 5 in India. It has mentioned that countries not in the list may also receive a price increase.

The PlayStation 5 is priced at ₹49,990 for the Blu-ray drive edition and ₹39,990 for the Digital edition. Going by the trend, the Indian prices may increase by up to 10%.

We should know more about the new Indian pricing of the PlayStation 5 in the coming days.

PlayStation 5 revised prices

Europe

• PS5 with Ultra HD Blu-ray disc drive – €549.99
• PS5 Digital Edition – €449.99

UK

• PS5 with Ultra HD Blu-ray disc drive – £479.99
• PS5 Digital Edition – £389.99

Japan (effective Sept. 15, 2022)

• PS5 with Ultra HD Blu-ray disc drive – ¥60,478 yen (including tax)
• PS5 Digital Edition – ¥49,478 yen (including tax)

China

• PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan
• PS5 Digital Edition – ¥3,499 yuan

Australia

• PS5 with Ultra HD Blu-ray disc drive – AUD $799.95
• PS5 Digital Edition – AUD $649.95

Mexico

• PS5 with Ultra HD Blu-ray disc drive – MXN $14,999
• PS5 Digital Edition – MXN $12,499

Canada

• PS5 with Ultra HD Blu-ray disc drive – CAD $649.99
• PS5 Digital Edition – CAD $519.99

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