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PS5 price hiked by £90 due to global 'pressures'

PS5 price hiked by £90 due to global 'pressures'

Summary

Sony is raising the prices of its PlayStation 5 consoles in several major markets, including a £90 increase in the UK and a $100 hike in the US. The company cites global economic pressures and rising costs for key components like memory and storage as reasons for this price rise.

Key Facts

  • Sony announced a price increase for the PlayStation 5 in the UK and the US.
  • The price rise is due to "continued pressures in the global economic landscape."
  • In the UK, the PS5 will now cost £569.99, a 19% increase.
  • The PS5 Digital Edition will cost £519.99, up by 21%.
  • The PS5 Pro will be priced at £789.99, which is a 13% increase.
  • The PlayStation Portal handheld device's price will rise by £20 to £219.99.
  • Increased demand for memory and storage components contributes to higher costs.
  • There is speculation that Microsoft and Nintendo might also raise their console prices.

Source Information