Sony CFO Has Yet To Decide If PlayStation 5 Will Face A Price Increase

In the grand perspective of the current console market, producing the latest console systems is a task easier said than done. This is due to the ongoing restrictions from short supply on silicon and other components necessary to meet the demand. For PlayStation 5, the scarcity of semiconductors is to blame says Sony CFO Hiroki Totoki. But, it does not stop there.

Due to this, revenue can not flourish if hardware is not on store shelves. With that, Totoki in a later statement told that this problem will remain prevalent well through 2022 – which he stated back in spring 2021 to give some perspective. Additionally, global inflation continues to rise and manufacturers are beginning to raise prices on flagship products.

For Sony, the firm already raised prices for products like Blu-Ray players, speakers, cameras, and home theater systems in Japan. As for the decision to apply the same for PlayStation 5 has yet to be decided say Totoki. In the latest earnings call transcribed by Video Game Chronicles, he states “About a potential price increase for the PS5, at this point in time there is nothing specific I can share with you about prices”.

So far, consumers are safe for those yet to acquire a console – at retail price that is. But, the market has already reshaped elsewhere. This week, Meta shared it will be increasing the pricing for the Meta Quest 2 by $100 for each model with the 128 GB unit to be priced at $399.99 and the 256 GB unit for $499.99 at the start of August.

Elsewhere this week, Sony’s financial report shares additional news for the video game division. Whilst the PlayStation 5 sold 21.7 million units, overall revenue has faced a decline. Thanks to limited number of hardware and lacking first-party releases, software revenue is down 26 percent the past quarter. You can read the full report by heading here.

Do you believe the PlayStation 5 will receive a price hike?