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Sony raises PlayStation 5 prices in most markets citing ‘challenging economic conditions’ – TechCrunch

Sony is raising the price of PlayStation 5 in most major markets, citing “challenging economic conditions” such as high global inflation rates and adverse currency trends, the latest in a series of challenges engulfing the current generation console.

The new price  — which largely varies between $30 to $100 — will affect customers in Europe, the UK, Japan, China, Australia, Mexico and Canada, the company said.

The U.S. is not impacted by the price hike, the company confirmed.

“While this price increase is a necessity given the current global economic environment and its impact on SIE’s business, our top priority continues to be improving the PS5 supply situation so that as many players as possible can experience everything that PS5 offers and what’s still to come,” the Japanese conglomerate said in a blog post.

The new price is as follows:

  • 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

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