"High global inflation rates" are the cause of a lot of price hikes in various goods, and the latest to fall victim to that is the PlayStation 5. As of today, Sony's boss, Jim Ryan, confirmed that because of "challenging economic conditions", the PS5's retail price will be increasing in most markets worldwide. In Europe, prices will be going up by €50, to €549.99, in the UK the price tag is changing from £449.99 to £479.99. Other regions that are affected are Australia, Mexico, Canada, and China, with the price change being effective as of today. Japan will also see the cost of the console increase, though it will not go into effect until September 15th. For now, the MSRP of the PS5 in the United States remains the same as it has been.

The new RRPs below are effective immediately unless otherwise noted.*

• 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

Source

 

[trepp0]

SONY, WHAT ARE YOU DOING, YOUR JUST SHOOTING YOURSELF IN THE FOOT!

 

[SG854]

This price hike is outrageous. This is the last straw for console gaming. I am now converting full on to PC. PC Master Race!!!

 

[nxwing]

This sucks for everyone in those countries wanting to get a PS5. Scalpers will probably even charge more.

 

[sombrerosonic]

This sucks for everyone in those countries wanting to get a PS5. Scalpers will probably even charge more.

Scaplers aren't human.... they sold there soul long ago to do shit like this...

 

[driverdis]

SONY, WHAT ARE YOU DOING, YOUR JUST SHOOTING YOURSELF IN THE FOOT!

I wish they were but they are not. Scalpers proved long ago that people are willing to pay more so Sony is taking advantage of that. People will pay it and be fine doing so. I work retail In what I call a PlayStation town where people absolutely refuse to pay MSRP for an Xbox Series X but will pay for a PS5 “bundle” costing upwards of $750 USD because they absolutely dislike Xbox for some reason and will only use PlayStation.

 

[shaunj66]

Being an early adopter paid off for once. Holy shit!

 

[DbGt]

And here I was waiting for a price drop

 

[Kioku]

Wow... First Meta/Facebook, now Sony? Tough time to be a paying gamer..

 

[Bladexdsl]

nice sony make the scalpers even more richer

 

[CoolMe]

This gen sux..

 

[osaka35]

I. wow. after everyone showed how gross they found the occulus rift 2 price hike, and Sony thought "yeah, we can probably get away with this since they're still hard to come by". I guess they're worried about not hitting those numbers? RIP consumers.

 

[DKB]

Yikes.

 

[Marc_LFD]

Sony is shooting themselves on the foot with this move.

I find it interesting they're increasing the price in a region where people will have to cut down on electricity to make it cheaper for their wallet, yet Sony does this?

Good luck, Sony.

 

[The Catboy]

First the system was damn near impossible to buy, now a price hike. Sony, what are you doing? This should be the time to start lowering the price to increase the market reach. I guess they just want a repeat of the PS3 launch but well into the PS5’s life.

 

[Kioku]

This should be the time to start lowering the price to increase the market reach.

You say that, but there's little to no accessible stock. The system is seemingly always sold out. Lowering the price would just make it even easier for scalpers.

 

[The Catboy]

You say that, but there's little to no accessible stock. The system is seemingly always sold out. Lowering the price would just make it even easier for scalpers.

Fair, I rarely go into most stores so I honestly don’t know what the current stock situation looks like. I am not gonna lie, to me, the PS5 is literally the most underwhelming PlayStation, right next to the early PS3. There’s just not any exclusive games that spark my interest and most of the best games are on PC or being streamed ¯\_(ツ)_/¯

 

[Jiehfeng]

Busting money for the PS5 that point in time is really paying off for me lol.

 

[teamlocust]

Lucky i got 2 retail disc units one at fw 3.21 other at latest fw for online use only . Sold my digital version which quite frankly the most useless piece of consumer electronics.

 

[Deleted member 194275]

Fine, but will they release games for PS5 now?