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Sony announced today a price increase for the PlayStation 5 console in areas based outside of the United States.
The firm highlights these alterations in a blog post that underscores the current “global economic environment” as being among the primary factors for the PS5 retail price change.
Specific markets affected include Latin America, Europe, Canada, the Middle East, Africa, and the Asia-Pacific. The company listed out these changes as follows:
UK PS5 Price
- PS5 – £479.99
- PS5 Digital Edition – £389.99
Europe PS5 Price
- PS5 – €549.99
- PS5 Digital Edition – €449.99
China PS5 Price
- PS5 – ¥4,299 yuan
- PS5 Digital Edition – ¥3,499 yuan
Japan PS5 Price
- PS5 – ¥60,478 yen (including tax)
- PS5 Digital Edition – ¥49,478 yen (including tax)
Mexico PS5 price
- PS5 – MXN $14,999
- PS5 Digital Edition – MXN $12,499
Australia PS5 price
- PS5 – AUD $799.95
- PS5 Digital Edition – AUD $649.95
Canada PS5 price
- PS5 – CAD $649.99
- PS5 Digital Edition – CAD $519.99
Sony notes that Japan’s new price point for the PS5 will be made effective as early as September 15th. The firm also highlights that its “top priority continues to be improving the PS5 supply situation,” reiterating similar remarks made back in May when it vowed to produce PS5s in numbers “never achieved before.”
The PS5 retail price change lands in a moment of flagging gaming sales numbers as represented by Q2 results out of companies like Microsoft, Nintendo, and even Nvidia Q2, where a decrease in consumer spending is providing ample pressure on several of the industry’s largest firms.
Sony has also weighed existing PS5 sales figures, which denote increased desire for the all-white console over its direct competitor, Microsoft’s Xbox Series X/S.
Microsoft itself has yet to increase the price of its own console, but the firm has made several changes to existing services, like Game Pass. Demand for the Xbox Series X/S has not reached the same level as the PS5, as shown by a steep difference in sales.
Plus, given Sony’s announcement of a forthcoming second iteration VR headset, the Japanese-made console is sure to continue driving demand despite the economic downturn. The company states that it anticipates no changes to its overall PS5 sales forecast for Q3 2022.