Sony Raises PlayStation 5 Prices in the US
Sony has increased the prices of its PlayStation 5 consoles in the United States, citing a “challenging economic environment”. The price hike, effective August 21, affects the standard physical edition, digital edition, and the PS5 Pro.
New Prices
- Standard Physical Edition PS5: Now $549.99, up from $499.99
- PS5 Digital Edition: Now $499.99, up from $449.99
- PS5 Pro: Now $749.99, up from $699.99
No Change in Accessory Prices
Prices of PS5 accessories in the US will remain unchanged, Sony announced. This decision comes after Sony shipped 18.5 million PS5 units in FY 2024, despite a lack of new triple-A first-party games.
Industry Trend
The price hike follows similar moves by Microsoft and Nintendo. Microsoft raised Xbox console prices, citing “market conditions and rising development costs”. Nintendo increased Switch prices in the US, attributing it to “market conditions”.
Reason Behind Price Hike
The price increase is attributed to the challenging economic environment, including tariffs imposed by the US government. Sony had warned that these tariffs could add $680 million to its costs in the financial year