Gamers who have yet to buy the PS5 may have to pay more for the console when they buy it. Sony Interactive Entertainment has increased the console’s prices in select markets due to “challenging economic conditions,” President and CEO Jim Ryan has said. announced on the PlayStation blog. The company had to make the difficult decision, he said, due to high global inflation rates and currency movements. PlayStation fans in the US can take a deep breath – there won’t be any price hikes in the US for a while.
Ryan said Sony is raising the recommended retail price for the console in Canada, Mexico, Europe, the UK, Middle East, Africa (EMEA), Latin America, China and Australia. In Japan, the new prices will come into effect on September 15. Both the disc and digital versions will cost €50 more than the launch prices (€500 and €300 respectively) in Europe and £30 more than their original prices (£450 and £360) in the UK. The consoles also cost about ¥10,500 more in Japan, where they originally sold for 49,980 and 39,980.
As a poet, Ryan said the price hike is a necessity “given the current global economic environment.” However, he promised that Sony’s top priority will continue to be improving the PS5’s offerings so that more people can get it. The company said in May that it will finally be able to ramp up production of the console, although it also said its efforts may not be enough to fully meet the strong demand for the console until next year.
The new PS5 prices in select markets are listed below. Note that parts of EMEA, Latin America and Asia-Pacific are also affected, and Sony recommends contacting local retailers for details.
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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 September 15, 2022)
PS5 with Ultra HD Blu-ray Disc Drive – ¥60,478 yen (including VAT)
PS5 Digital Edition – ¥49,478 yen (including VAT) -
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 – €519.99
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