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Sony raises PlayStation 5 prices in US as tariff fears persist

Sony raises PlayStation 5 prices in US as tariff fears persist

Summary

Sony is increasing the prices of its PlayStation 5 consoles in the United States by about $50. The decision comes in response to rising costs and concerns over tariffs affecting goods from Japan. Prices for PlayStation 5 accessories will remain the same.

Key Facts

  • Sony is raising PlayStation 5 prices in the U.S. by about $50.
  • The new price for the base model will be $499.99.
  • Sony cites rising costs and tariffs as reasons for the price increase.
  • Tariffs were introduced by former U.S. President Donald Trump.
  • The price changes will start on August 21.
  • Prices for PlayStation 5 accessories will not change.
  • Similar price hikes were made in the UK and Europe due to inflation and exchange rates.
  • Other gaming companies like Nintendo and Microsoft have also raised prices recently.

Source Information