Sony Is Increasing The Price Of The Playstation 5 As New Tariffs Take Hold

Sony will raise nan price of PlayStation 5 consoles, nan institution announced connected Wednesday. These changes will beryllium effective arsenic of Thursday, August 21.

Citing “a challenging economical environment” — which appears to reference President Trump’s tariffs connected imported products — Sony is expanding console prices by astir $50. In nan U.S., nan prices will summation to $549.99 for nan PlayStation 5, $499.99 for nan PlayStation 5 Digital Edition, and $749.99 for nan PlayStation 5 Pro. On July 31, nan White House announced a 15% tariff connected Japan.

The institution said that it does not person plans to alteration prices successful different countries, nor does it intend to hike nan costs of accessories. However, Sony already raised prices for PlayStation consoles sold successful Europe, Australia, and New Zealand in April, citing nan aforesaid challenging environment.

In immoderate regions, Sony antecedently accrued console prices successful 2022 owed to inflation, but U.S. markets were not impacted astatine nan time.

Some of Sony’s peers person besides announced pricing changes to gaming products amid nan news of Trump’s tariffs. Microsoft indicated successful May that it would summation console prices by $80 to $100, while besides expanding nan prices of immoderate games, controllers, and accessories.

Nintendo chose to raise nan prices of immoderate accessories for nan caller Nintendo Switch 2 console, but not nan console itself.