West indian countries

Sony increases the price of the PS5 in these countries

Sony Group Corp is raising the price of its PlayStation 5 games console in markets around the world. According to a report from The Verge, the company has raised the price of the PS5 in the UK, Europe, Japan, China, Australia, Mexico, and Canada. The rise in prices, according to Sony, is the result of high global inflation rates, including rising interest rates.

Sony has announced that it is increasing the price of the disc drive version of the PS5 by 10% in Europe, from 499.99 euros previously to 549.99 euros ($550.81). The price increase is around 6% in the UK.

The Japanese entertainment conglomerate said there would be no price increase in the United States. It is unknown if the price of the PS5 has also increased for the Indian market. Currently, the game console is listed with the old price tag on Indian e-commerce sites.

Nevertheless, the new price went live in all markets (mentioned above) except for Japan where it will go live on September 15, 2022.

Here are the new prices:

Europe:

PS5 with Ultra HD Blu-ray Disc Player – €549.99 (€499.99 before)

PS5 Digital Edition – €449.99 (€399.99 before)

UK:

PS5 with Ultra HD Blu-ray Disc Player – £479.99 (£449.99 before)

PS5 Digital Edition – £389.99 (£359.99 before)

Japan:

PS5 with Ultra HD Blu-ray Disc Player – ¥60,478 (formerly ¥49,980)

PS5 Digital Edition – ¥49,478 yen (¥39,980 before)

China:

PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan (¥3,899 yuan before)

PS5 Digital Edition – ¥3,499 yuan (¥3,099 yuan before)

Australia:

PS5 with Ultra HD Blu-ray Disc Player – AU$799.95 (previously AU$749.95)

PS5 Digital Edition – AU$649.95 (previously AU$599.95)

Mexico:

PS5 with Ultra HD Blu-ray Disc Player – MXN 14,999 (previously MXN 13,999)

PS5 Digital Edition – 12,499 MXN (11,499 MXN before)

Canada:

PS5 with Ultra HD Blu-ray Disc Player – CAD$649.99 ($629.99 before)

PS5 Digital Edition – $519.99 CAD ($499.99 before)

The Verge report quotes Jim Ryan, President and CEO of Sony Interactive Entertainment, as saying, “We are seeing elevated global inflation rates, as well as unfavorable monetary trends, which are impacting consumers and creating pressure on many industries. Based on these difficult economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) of the PlayStation 5 in certain markets in Europe, the Middle East and Africa (EMEA), Asia- Pacific (APAC), Latin America (LATAM), as well as Canada.”

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