Published , by TJ Denzer
Published , by TJ Denzer
As we continue through a sea of global economic turmoil that has inflation pressuring business and commerce worldwide, Sony is finding itself having to act on the matter in regards to the pricing of its consoles. PlayStation 5’s are increasing in price across various regions worldwide, including Canada, Mexico, Europe, Japan, and China, and the current global economic environment was cited as a primary factor.
PlayStation lead and Sony Interactive Entertainment CEO Jim Ryan shared word of the price hike on PS5s in a PlayStation Blog post on August 25, 2022.
“The global economic environment is a challenge that many of you around the world are no doubt experiencing,” Ryan wrote. “We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries. Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price of PlayStation 5 in select markets across Europe, 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.”
Jim Ryan went on to share the new suggested pricing that will be applied to PlayStation 5s, effective immediately:
With these prices going into effect immediately, it’s sounding like PS5s are going to be even a little bit harder to obtain worldwide. Sony just revealed a souped up new DualSense Edge controller recently. It will remain to be seen if this remains on track. Stay tuned for more updates as they become available, here at Shacknews.