Sony Increases Playstation 5 Prices In Several Regions Due To Economic Instability

Jim Ryan, president, and chief executive officer of Sony, recently made the price hike public on the PlayStation Blog. Many markets, including those in Europe, the United Kingdom, Japan, Canada, China, Mexico, and Australia, will be impacted. There won’t be a PS5 price increase in the US, claims Ryan. Ryan states that the price rise will take effect right away. The updated retail costs in the impacted nations are listed below: -Jim Ryan via PlayStation Blog

EuropePS5 with Ultra HD Blu-ray disc drive – €549.99PS5 Digital Edition – €449.99

UKPS5 with Ultra HD Blu-ray disc drive – £479.99PS5 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)

ChinaPS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan PS5 Digital Edition – ¥3,499 yuan

AustraliaPS5 with Ultra HD Blu-ray disc drive – AUD $799.95PS5 Digital Edition – AUD $649.95

MexicoPS5 with Ultra HD Blu-ray disc drive – MXN $14,999PS5 Digital Edition – MXN $12,499

CanadaPS5 with Ultra HD Blu-ray disc drive – CAD $649.99PS5 Digital Edition – CAD $519.99

Price increases for the PS5 will undoubtedly impact individuals who have been unsuccessful in their efforts to obtain the in-demand system for almost two years. Increased manufacturing costs and issues in semiconductor supply chain are supposedly the reason for the price hike and we can only hope the situation improves overtime.