The PlayStation 5 is getting a price increase in large swaths of the world due to what Sony describes as the “global economic environment.”
In a post on the PlayStation Blog, Sony says high global inflation rates and “adverse currency trends” have forced the company to increase the price the PlayStation 5 in select markets in Europe, Middle East, Africa, Asia-Pacific, Latin America, and Canada. The United States will not be affected by this shift in price. These changes will be immediate in most regions, but Japan specifically won’t see a PS5 price increase until September 15. So if you’re there and are looking to get a PS5 at its original price, it might be in your best interest to get one in the next couple weeks, assuming you can track one of them down.
The new prices are as follows:
- PS5 with Ultra HD Blu-ray disc drive – €549.99
- PS5 Digital Edition – €449.99
- PS5 with Ultra HD Blu-ray disc drive – £479.99
- PS5 Digital Edition – £389.99
- Japan (effective September 15)
- PS5 with Ultra HD Blu-ray disc drive – ¥60,478 yen (including tax)
- PS5 Digital Edition – ¥49,478 yen (including tax)
- PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan
- PS5 Digital Edition – ¥3,499 yuan
- PS5 with Ultra HD Blu-ray disc drive – AUD $799.95
- PS5 Digital Edition – AUD $649.95
- PS5 with Ultra HD Blu-ray disc drive – MXN $14,999
- PS5 Digital Edition – MXN $12,499
- PS5 with Ultra HD Blu-ray disc drive – CAD $649.99
- PS5 Digital Edition – CAD $519.99
“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,” says Sony Interactive Entertainment President Jim Ryan in the blog post.
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- Masahiro Sakurai Launches YouTube Channel to Talk About Game Dev
So yeah, this sucks. It’s worth noting the pandemic and supply shortages have thrown a wrench into the usual console generation rollout for the PlayStation 5. In normal circumstances, we’d be expecting a price cut to be happening within the next year or two alongside a cheaper model two years removed from the console’s 2020 launch, but it looks like Sony’s got other plans right now. A cheaper model could very well still be in the works, but at the moment, the only option to get a PS5 has gotten more expensive without any warning.