PlayStation 5 Is Receiving A Price Increase In Select Markets

Sony announced earlier today that the PlayStation 5 is going to receive a price increase in select markets. This includes Canada, United Kingdom, Europe, Japan, Australia, China and Mexico. This is due global economic environment and while these countries see an increase on the console, the United States of America will not.

“Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) 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.”

Here are the new prices in each region coming from the official PlayStation Blog:

Europe

PS5 with Ultra HD Blu-ray disc drive – €549.99

PS5 Digital Edition – €449.99

UK

PS5 with Ultra HD Blu-ray disc drive – £479.99

PS5 Digital Edition – £389.99

Japan (effective Sept. 15, 2022)

PS5 with Ultra HD Blu-ray disc drive – ¥60,478 yen (including tax)

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

China

PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan

PS5 Digital Edition – ¥3,499 yuan

Australia

PS5 with Ultra HD Blu-ray disc drive – AUD $799.95

PS5 Digital Edition – AUD $649.95

Mexico

PS5 with Ultra HD Blu-ray disc drive – MXN $14,999

PS5 Digital Edition – MXN $12,499

Canada

PS5 with Ultra HD Blu-ray disc drive – CAD $649.99

PS5 Digital Edition – CAD $519.99

Sony states that this is a necessity given the economic environment globally and Sony Interactive Entertainment’s business. While this happens their goal is to improve the PS5 supply situation so that more players can obtain the console and experience its greatness.

This is not the first time we’ve seen a price increase on gaming hardware this year. It was recently announced that the Meta Quest 2 increased $100.00 in price starting on August 1st along with its accessories.

Earlier in the week Sony revealed the release date for the PlayStation VR 2 which will be in Early 2023. We will wait and see what the price will be officially for the virtual reality headset. We knew that the idea of a price increase for the PlayStation 5 could happen due to a recent report.

Source: PlayStation.Blog