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Sony Hikes PlayStation 5 Retail Prices Globally — Except in the U.S.

Citing high global inflation rates, as well as adverse currency trends, Sony Interactive Entertainment Aug. 25 announced it is increasing the retail price for the PlayStation 5 video game console in all major markets except the United States.

In a blog post, Jim Ryan, CEO of Sony Interactive Entertainment, said inflation has been creating pressure on many industries within the manufacturing ecosystem of the PS5. As a result, Sony is hiking prices in select markets across 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 United States.

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Europe

    • PS5 with Ultra HD Blu-ray Disc drive — €549.99
    • PS5 Digital Edition — €449.99

 

U.K.

    • 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

 

“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 wrote in the post.

Sony sold 2.4 million PS5 consoles in the most recent fiscal period ended June 30. Thar was up 100,000 units from the previous year period. The company sold 11.5 million PS5 units in the previous fiscal year, ended March 31, 2022.

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