PS5 from Sony is getting more expensive

The increase in the price of PS5 is due to global economic conditions, in particular, high inflation rates.

While it’s still hit hard by the current shortage, Jim Ryan, President and CEO of Sony Interactive Entertainment, announces the PS5’s price increase:

The global economic environment is a real issue that many of you around the world are no doubt facing. We are seeing high inflation rates around the world, as well as unfavorable currency trends that are affecting consumers and putting pressure on many industries. Due to these difficult economic conditions, we have made the difficult decision to increase the PS5 MSRP in select markets in Europe, the Middle East and Africa (EMEA), Asia Pacific (APAC), Latin America (LATAM), and Canada. There will be no price increase in the US. While this price increase is necessary given the current global economic environment and its impact on our business,

New PS5 prices worldwide

The PS5 price increases by €50 in Europe, £30 in the UK, 5,000 yen in Japan, 400 RMB in China, AU$50 in Australia, MXN 1,000 in Mexico, and CAD$20 in Canada.

Europe

• PS5 – €549.99
• PS5 Digital Edition – €499.99

Great Britain

• PS5 – £479.99
• PS5 Digital Edition – £389.99

Japan (effective September 15)

• PS5 – 60,478 yen (tax included)
• PS5 Digital Edition – 49,478 yen (tax included)

China

• PS5 – 4,299 yuan
• PS5 Digital Edition – 3499 yuan.

Australia

• PS5 – AU$799.95
• PS5 Digital Edition – AU$649.95

Mexico

• PS5 – 14,999 Mexican pesos.
• PS5 Digital Edition – 12,499 Mexican pesos.

Canada

• PS5 – 649.99 Canadian dollars.
• PS5 Digital Edition – 519.99 Canadian dollars.

Why is the PS5 price going up?

Sony Interactive Entertainment is forced to raise the price of the PS5 as the Taiwan Semiconductor Manufacturing Company (TSMC), a leading supplier of chips and semiconductors to well-known companies in the world of technology and entertainment, will raise prices even more (by 20% in 2021 and 10). % by 2023) to offset the effects of the coronavirus pandemic. Intel, Nvidia, AMD, Apple, or even Microsoft and car manufacturers will also have to adjust the prices of certain products to avoid big losses during the next financial report.