Sony’s PS5 is getting more expensive | TechBuzz

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The increase in the price of the PS5 is due to the global economic environment, particularly due to high inflation rates.

Although it is still suffering greatly from the current shortage, Jim Ryan, president and general manager of Sony Interactive Entertainmentannounces an increase in the price of PS5 :

The global economic environment is a real challenge that many of you are undoubtedly experiencing around the world. We are seeing high rates of inflation around the world, as well as unfavorable currency trends, which are impacting consumers and creating pressure on many industries. Due to these difficult economic conditions, we have made the difficult decision to increase the recommended retail price of the PS5 in select markets in Europe, Middle East and Africa (EMEA), Asia-Pacific (APAC), in Latin America (LATAM), as well as in Canada. There will be no price increase in the United States. While this price increase is a necessity given the current global economic environment and its impact on our business, our top priority remains to improve the PS5 supply situation so that as many players as possible can take advantage of everything the PS5 has to offer and what’s yet to come.

The new PS5 prices around the world

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The price of the PS5 increases by 50 euros in Europe, 30 pounds sterling in the United Kingdom, 5,000 yen in Japan, 400 yuan in China, 50 Australian dollars in Australia, 1,000 Mexican pesos in Mexico and 20 Canadian dollars in Canada.

Europe

  • PS5 – €549.99
  • PS5 Digital Edition – 499,99 euros

UK

  • PS5 – 479,99 livres sterling
  • PS5 Digital Edition – 389,99 livres sterling
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Japan (effective as of September 15)

  • PS5 – 60,478 yen yen (including tax)
  • PS5 Digital Edition – 49,478 yen (including tax)

Chine

  • PS5 – 4,299 yuan
  • PS5 Digital Edition – 3,499 yuan

Australia

  • PS5 – $799.95 Australian
  • PS5 Digital Edition – 649,95 dollars australiens
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Mexico

  • PS5 – 14,999 Mexican pesos
  • PS5 Digital Edition – 12,499 Mexican pesos

Canada

  • PS5 – 649,99 dollars canadiens
  • PS5 Digital Edition – 519,99 dollars canadiens

Why is the PS5 price going up?

Sony Interactive Entertainment is being forced to increase the price of the PS5 as Taiwan Semiconductor Manufacturing Company (TSMC), the leading supplier of chips and semiconductors to big names in the world of tech and entertainment, will further increase its prices ( 20% in 2021 and 10% by 2023) to offset the effects of the coronavirus pandemic. Intel, Nvidia, AMD, Apple or even Microsoft and car manufacturers will also have to adjust the prices of certain products so as not to suffer heavy losses during the next financial statements.



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