just Sony announced that the price of the PlayStation 5 will soon drop thanks to “challenging economic conditions”. high in many major markets such as Japan, Europe and Canada.
In fact, it looks like the US is only main PlayStation territory too Not see a price spike, with buyers everywhere from China to Australia to Mexico also being slammed.
For example, I’m in Australia and bought my PS5 disc version retail for $750 last year. It will now cost 800 AUD. In the UK, the disc edition will go from £450 to £480, while in the EU it will go from $500 to $550.
The full list of affected regions and the new suggested retail prices – effective immediately except for Japan – can be found below:
Europe
PS5 with Ultra HD Blu-ray Disc drive – $549.99PS5 Digital Edition – $449.99
United Kingdom
PS5 with Ultra HD Blu-ray Disc drive – £479.99PS5 Digital Edition – £389.99
Japan (effective September 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$799.95PS5 Digital Edition – AUD$649.95
Mexico
PS5 with Ultra HD Blu-ray Disc drive – MXN$14,999PS5 Digital Edition – MXN$12,499
Canada
PS5 with Ultra HD Blu-ray Disc Drive – CAD$649.99PS5 Digital Edition – CAD$519.99
Sony’s full statement follows:
The global economic environment is a challenge that no doubt many of you around the world are facing. We see high global inflation rates as well as unfavorable currency trends impacting consumers and putting pressure on many industries. Due to these difficult economic conditions, SIE has made the difficult decision to increase the PlayStation 5’s suggested retail price (MSRP) in select markets in Europe, the Middle East and Africa (EMEA), Asia Pacific (APAC), Latin America (LATAM) as well as Canada. There will be no price increase in the US.
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 PS5 supply situation so that as many players as possible can experience all that PS5 offers and that is to come.
Thank you for your continued support.
The PlayStation 5 was launched nearly two years ago, and by now you’d expect the consoles to see price cuts, not increases (the PS4, for example, got its first cut in 2015, two years after release). In fact, this is the first time I can ever Remember, that’s how the price of a console increases across the board. Then again, I don’t recall a console ever being launched in the middle of a pandemic, neither does the worldwide shortage of chips and the inflation crisis.
